Former Comtech CEO Indicted for Insider Trading
Federal prosecutors allege former Comtech Chairman-CEO Ken Peterman sold or tried to sell tens of thousands of shares of company stock earlier this year based on insider information. DOJ said Wednesday a federal grand jury indicted Peterman on one count…
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each of insider trading, securities fraud and wire fraud. Peterman, 67, of Encintas, California, is charged with making the transactions March 12 upon learning about a forthcoming negative earnings report and that he would lose his job, while neither of those pieces of information was public.