Portland, Oregon-based expert consulting firm Broadband Research Corporation and owner have been charged with insider trading. The charges stem from the SEC’s ongoing investigation of insider trading involving expert networks. It is alleged they claimed to be in the business of providing clients with legitimate research about publicly-traded technology companies, but instead typically tipped clients with material nonpublic information that the owner obtained from prohibited sources inside the companies. This owner has also been arrested and charged with one count of conspiracy to commit securities fraud, one count of conspiracy to commit wire fraud, and two counts of securities fraud.
SEC Charges Oregon-Based Expert Consulting Firm and Owner with Insider Trading in Technology Sector