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  1. www.investopedia.com › arista-networks-founderArista Networks Founder Andy Bechtolsheim Settles Insider ...

    Mar 26, 2024 · Officials charged Bechtolsheim with using material nonpublic information concerning the sale of Acacia Communications in 2019 to gain from trading options of Acacia.

    • Bill Mccoll

  2. finance.yahoo.com › news › arista-networks-formerArista Networks former chairman agrees to pay nearly $1M to ...

    Mar 26, 2024 · The Securities and Exchange Commission said Tuesday that Andreas “Andy” Bechtolsheim misappropriated material nonpublic information related to the impending acquisition of Acacia Communications...

  3. www.crn.com › news › networkingArista Networks Founder To Pay Nearly $1M To Settle SEC ... - CRN

    Mar 26, 2024 · Bechtolsheim received this “material nonpublic information” about Acacia while he was Arista’s chairman on July 8, 2019, from the multinational company, for which he and Arista had a...

  4. www.theregister.com › 2024/06/03 › sec_bechtolsheimCourt accepts Andy Bechtolsheim's insider trading settlement

    Jun 3, 2024 · The SEC alleged in a complaint [PDF] filed on March 26, 2024 that in 2019 Bechtolsheim profited illegally from insider knowledge that Cisco was about to buy Acacia Communications, a maker of optical networking gear.

  5. www.sec.gov › enforcement-litigation › litigationAndreas Bechtolsheim - SEC.gov

    Mar 26, 2024 · Immediately after learning this information, Bechtolsheim allegedly traded Acacia options in the accounts of a close relative and an associate. The next day, July 9, 2019, before the market opened, Acacia and Cisco announced that Cisco had agreed to acquire Acacia.

  6. www.communicationslitigationtoday.com › articleArista Networks Co-Founder Agrees to Pay $1M Penalty in SEC ...

    Mar 28, 2024 · The relative and associate weren’t aware of Bechtolsheim’s relevant Acacia trades at the time they were made, the complaint said. The following day, Acacia and Cisco publicly announced that Cisco had entered into a definitive agreement to buy Acacia.

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  8. apnews.com › article › arista-networks-insiderArista Networks former chairman agrees to pay nearly $1M to ...

    Mar 26, 2024 · The Securities and Exchange Commission said Tuesday that Andreas “Andy” Bechtolsheim misappropriated material nonpublic information related to the impending acquisition of Acacia Communications of Maynard, Massachusetts.