Peter Kafka

Recent Posts by Peter Kafka

SEC Files Insider Trading Charges in Disney-Marvel Deal

The Securities and Exchange Commission has charged a California man with insider trading in the run-up to the 2009 Disney-Marvel deal. The SEC says Toby G. Scammell took advantage of his girlfriend, an “extern” working at Disney’s corporate strategy department, to learn about the company’s $4 billion acquisition of the comic book company, and used the information to make a $192,000 profit trading call options. The SEC hasn’t charged Scammell’s girlfriend, who it describes as “exploited,”. Press release; complaint (PDF)


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First the NSA came for, well, jeez pretty much everybody’s data at this point, and I said nothing because wait how does this joke work

— Parker Higgins via Twitter