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SEC Prosecutions

SEC Prosecutions

Cease-and-Desist, Industry Bar and Sanctions Ordered Against Former Whirlpool Financial Analyst for Insider Trading

In the Matter of Abdallah Fadel, Respondent

  • 2016
  • $162,336

The SEC found that respondent, a former financial analyst at Whirlpool Corporation, purchased securities of the company (options contracts) in three occasions while in possession of material nonpublic information about its earnings, for illicit profits of more than $100,000.

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