The 9 Most Notorious Insider Trading Cases of 2011

Of the 57 insider trading cases brought by the SEC this year, Advanced Trading highlights nine standouts, like the case of Raj Rajaratnam, in a rogues gallery of accused and convicted inside traders.
November 17, 2011

Toby Scammell


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.

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