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Indian IT manager charged with insider trading in US

Friday, June 29, 2018, 11:42 AM

An Indian software engineering manager in the US has been charged with trading on confidential information he received while creating a website for consumers impacted by a data breach. The Securities and Exchange Commission (SEC) said Sudhakar Reddy Bonthu, a citizen of India and a permanent resident of the US state of Georgia, committed securities fraud by engaging in illegal insider trading.

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