Late last week the SEC announced its latest insider trading case, which was filed against two friends and former business school classmates who allegedly used inside information to generate nearly $700,000 in illicit profits. The SEC alleged that Zachary Zwerko, a financial analyst at a major pharmaceutical company, learned about impending acquisitions that his company was about to carry out. Zwerko then allegedly tipped his friend and former classmate, David Post, with confidential details about the acquisitions.
