The former CEO of a publicly traded health care company based in Nevada has been found guilty of a multimillion-dollar insider trading scheme. A federal jury in Los Angeles convicted Terren Scott Peizer on Friday.
LOS ANGELES — The former CEO and chairman of Ontrak , a publicly traded health care company based in Nevada , was found guilty Friday of a multimillion-dollar insider trading scheme.
In a statement announcing the conviction, the Justice Department described it as the first case it has prosecuted exclusively based on what is known as Rule 10b5-1, which allows company insiders to create a predetermined plan to sell shares while also setting limits on certain trading practices.
Ontrak Inc. Corporate Crime General News N Insider Trading Business Politics A U.S. News F
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