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1. finance.yahoo.com › news › billionaire-tech-founderBillionaire tech founder ‘abused the trust’ of a colleague ...

   finance.yahoo.com › news › billionaire-tech-founder

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   Mar 26, 2024 · The Securities and Exchange Commission announced today it would bar Sun Microsystems co-founder and early Google investor Andreas “Andy” Bechtolsheim for allegedly improperly trading based on...

2. www.sec.gov › newsroom › press-releasesSEC Charges Former Arista Networks Chairman Andy Bechtolsheim ...

   www.sec.gov › newsroom › press-releases

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   Mar 26, 2024 · “We allege that Bechtolsheim, while serving as the chairman of a publicly traded company, abused the trust of a longtime business contact who had shared highly sensitive information about an imminent corporate acquisition,” said Joseph G. Sansone, Chief of the SEC’s Market Abuse Unit.

3. www.thewealthadvisor.com › article › billionaireBillionaire Tech Founder ‘Abused the Trust’ of a Colleague ...

   www.thewealthadvisor.com › article › billionaire

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   Mar 27, 2024 · “We allege that Bechtolsheim, while serving as the chairman of a publicly traded company, abused the trust of a longtime business contact who had shared highly sensitive information about an imminent corporate acquisition,” said Joseph Sansone, chief of the SEC’s market abuse unit.

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

   www.crn.com › news › networking

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   Mar 26, 2024 · “We allege that Bechtolsheim, while serving as the chairman of a publicly traded company, abused the trust of a longtime business contact who had shared highly sensitive information about an...

5. www.grip.globalrelay.com › arista-networks-founderArista Networks founder settles SEC insider trading charges

   www.grip.globalrelay.com › arista-networks-founder

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   Mar 27, 2024 · “We allege that Bechtolsheim, while serving as the chairman of a publicly traded company, abused the trust of a longtime business contact who had shared highly sensitive information about an imminent corporate acquisition,” said Joseph G Sansone, chief of the SEC’s Market Abuse Unit, in a statement.

6. www.cfodive.com › news › sec-fines-arista-networksSEC fines Arista Networks founder Bechtolsheim $1M for ...

   www.cfodive.com › news › sec-fines-arista-networks

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   Mar 26, 2024 · “We allege that Bechtolsheim, while serving as the chairman of a publicly traded company, abused the trust of a longtime business contact who had shared highly sensitive information about an imminent corporate acquisition,” said Joseph Sansone, chief of the SEC’s market abuse unit.

7. People also ask

   How did Bechtolsheim settle the SEC complaint?

   • Without admitting or denying the allegations in the SEC’s complaint, which was filed in the U.S. District Court for the Northern District of California, Bechtolsheim settled the SEC’s charges by agreeing to be barred from serving as an officer or director of a public company for five years and to pay a civil monetary penalty of $923,740.

   SEC Charges Former Arista Networks Chairman Andy Bechtolsheim with

   www.sec.gov/newsroom/press-releases/2024-40

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   Did Bechtolsheim deny the SEC's findings?

   • Bechtolsheim did not admit or deny the SEC’s findings. Bechtolsheim is the founder and chief architect at Arista Networks, and is responsible for advanced AI, silicon and optics initiatives, according to the company’s website.

   Billionaire tech founder ‘abused the trust’ of a colleague with an insider …

   finance.yahoo.com/news/billionaire-tech-founder-abused-trust-224054695.html

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   Did Bechtolsheim misappropriate information about Acacia communications?

   • To settle the SEC’s charges, Bechtolsheim agreed to pay a civil penalty of nearly $1 million. According to the SEC’s complaint, Bechtolsheim misappropriated material nonpublic information regarding the impending acquisition of Acacia Communications, Inc., a manufacturer of highspeed optical interconnect products.

   SEC Charges Former Arista Networks Chairman Andy Bechtolsheim with

   www.sec.gov/newsroom/press-releases/2024-40

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   Who is Andreas von Bechtolsheim?

   • Andreas von Bechtolsheim is one of four children of a Volksschullehrer and grew up on a secluded farm near the Ammersee in Bavaria. Andreas von Bechtolsheim is a name.

   Andreas von Bechtolsheim – Wikipedia

   de.wikipedia.org/wiki/andreas_von_bechtolsheim

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   How much money did Bechtolsheim make?

   • According to the SEC’s complaint, Bechtolsheim’s trading generated combined illegal profits of $415,726 in the accounts of his relative and associate.

   SEC Charges Former Arista Networks Chairman Andy Bechtolsheim with

   www.sec.gov/newsroom/press-releases/2024-40

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8. www.lightreading.com › optical-networking › arista-sArista's founder agrees to $1M SEC penalty - Light Reading

   www.lightreading.com › optical-networking › arista-s

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   Mar 26, 2024 · "We allege that Bechtolsheim, while serving as the chairman of a publicly traded company, abused the trust of a longtime business contact who had shared highly sensitive information about an...