A laid-off Foot Locker employee shorted the stock and made over $100,000, authorities say
Briefly

"The SEC's complaint highlights that Barry Siegel, as a former senior director at Foot Locker, had access to confidential information revealing negative sales and inventory data, which he exploited for personal profit during critical earnings announcements."
"Insider trading poses serious risks to market integrity, and this case illustrates the vigilance of the SEC in combating such illegal activities, particularly when corporate insiders abuse their positions."
Read at Fortune
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