The former CEO of a Silicon Valley chip company has been charged with insider trading by the US Securities and Exchange Commission today, for allegedly buying company stock in the midst of confidential merger negotations with STMicroelectronics. Elias Antoun, former chief of Genesis Microchip, alongside his childhood friend …

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Thursday 2nd October 2008 09:49 GMT Colin Wilson

Shouldn't the damages...

...be punitive ?

After all, they knew exactly what they were doing, it was premeditated shareholder fraud.

What about the paying the prosecution costs too ?

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Genesis ex-CEO settles after SEC inside trading charges

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Shouldn't the damages...

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