The SEC's complaint alleges that, while acting on behalf of Presstek, Marino selectively disclosed material non-public information regarding Presstek's financial performance to an investment adviser. The Adviser quickly decided to sell all of the shares of Presstek stock managed by the investment adviser.

Presstek did not simultaneously disclose to the public the information provided by Marino to the adviser.

Presstek has agreed to settle the SECs charges, without admitting or denying the allegations in the complaint. Presstek will pay a $400,000 civil penalty.

The Commission took into account certain remedial measures taken by Presstek, including revising its corporate communications policies and corporate governance principles, replacing its management team and appointing new independent board members, and creating a whistleblower's hotline.