SEC v. Cooksey

SEC Complaint against Aaron S. Cooksey

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Cooksey was Freescale's manager of qualified plans and worked on the pre-acquisition due diligence when Freescale acquired SigmaTel, Inc. While performing his job duties, Cooksey learned material nonpublic information about the SigmaTel acquisition. The complaint that Cooksey misappropriated this information when he purchased SigmaTel stock before Freescale publicly announced the deal.

Cooksey has consented to the entry of a final judgment that permanently enjoins him from violating Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder.

Cooksey has agreed to pay disgorgement in the amount of $23,552, plus prejudgment interest of $883.70, and a civil money penalty in the amount of $23,552. Cooksey neither admits nor denies the allegations in the complaint.

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Reference Info:Pleadings | Federal, 5th Circuit, Texas | United States


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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