SEC News: SEC Charges Husband, James E. Hengen, with Insider Trading Ahead of Announcements by Wife’s Employer
Securities and Exchange Commission v. James E. Hengen, No. 18-cv-03135 (D. Minn. filed Nov. 8, 2018)
WASHINGTON – The Securities and Exchange Commission today charged James E. Hengen with insider trading based on material, nonpublic information that he misappropriated from his wife, a human resources executive at a healthcare company who worked on corporate acquisitions.
The SEC alleges that Hengen, whose wife worked for a subsidiary of UnitedHealth Group, Inc., misappropriated material, nonpublic information concerning UnitedHealth’s pending acquisitions of two companies, USMD Holdings, Inc.