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The Securities and Exchange Commission has filed insider trading charges against Harry S. Yim of Vista, a former scientist at Invitrogen, which makes tools for genetic research. The agency charges that at a private employee meeting in 2004, Yim heard of the company's negative performance. Over the next several days, he dumped all his stock and saved himself losses of $79,581, charges the agency. It seeks an order permanently enjoining Yim from violating securities laws.
The Securities and Exchange Commission has filed insider trading charges against Harry S. Yim of Vista, a former scientist at Invitrogen, which makes tools for genetic research. The agency charges that at a private employee meeting in 2004, Yim heard of the company's negative performance. Over the next several days, he dumped all his stock and saved himself losses of $79,581, charges the agency. It seeks an order permanently enjoining Yim from violating securities laws.