The SEC contends Toby Scammell committed insider trading when he bought speculative call options on Marvel Entertainment soon after learning from his girlfriend that the company was about to be bought by Walt Disney Co. After the deal closed, Marvel's stock surged 25 percent and Scammell sold his options for a profit of more than $192,000. His girlfriend, who reportedly didn't know of his trades, was an extern in Disney's corporate strategy department at the time. "Scammell's trades were so unusual that his purchase of options represented 100 percent of the market in many instances," the SEC said in a news release.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio