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Former Coinbase manager, brother agree to settle US SEC insider trading charges relating to crypto

( May 30, 2023, 22:31 GMT | Official Statement) -- MLex Summary: Former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities that would be made available for trading on the Coinbase platform, the US Securities and Exchange Commission announced. They each agreed to pay disgorgement of ill-gotten gains, plus prejudgment interest.Statement follows in full. ...

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