Insider Out

摘要

For John Johnson it was a stock tip so hot it burned. Johnson, 46, recently lost his job as CIO of the $6.5 billion Wyoming Retirement System after pleading guilty to SEC insider trading charges against him and two others. His troubles began almost a decade ago, when he was an equity analyst at Denver-based Founders Asset Management; there, the SEC says, he got to know MatthewTeeple, who worked at a market research firm used by Founders. In 2008, having moved to San Francisco hedge fund Arris Capital Manage-ment,Teeple allegedly got word from his friend David Riley, former CIO of Foundry Networks, that Foundry was about to be acquired by rival California tech company Brocade Communications.