Securities Law, NYSE, NASDAQ & OTC Markets Listings & Compliance

SEC Files Complaint Against Dennis Hamilton of Harman International Industries

On February 5, 2016, the SEC filed a complaint charging Dennis Wayne Hamilton with insider trading in the company’s stock and making more than $130,000 in illegal profits by trading on nonpublic information he learned on the job in advance of Harman’s release of its fiscal year 2014 first quarter earnings. Today the SEC filed an amended complaint alleging that Hamilton engaged in insider trading four additional times by trading in his company’s securities on the basis of material nonpublic information. The amended complaint alleges that Hamilton, using Harman’s nonpublic information he learned as vice president of tax, earned more than $977,000 in additional illegal profits from this other insider trading.

The amended complaint charges Hamilton with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The SEC seeks a permanent injunction, disgorgement of illegal trading profits plus prejudgment interest, civil monetary penalties, and an officer and director bar.

For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at [email protected] or visit www.securitieslawyer101.com.   This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes.

Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855
www.SecuritiesLawyer101.com