Two Workers for SEC’s EDGAR System Charged with Insider Trading

Two men who worked for the Securities and Exchange Commission’s EDGAR public filing system were charged with insider trading after allegedly pocketing $1 million by stealing non-public information obtained through their jobs.

Justin Chen and Jun Zhen, both of Brooklyn, New York, were charged in a federal complaint with obtaining material, non-public information about companies like Purple Innovation Inc., Ondas Holdings Inc., SigmaTron International Inc., and Signing Day Sports Inc. through their work at EDGAR, according to Brooklyn US Attorney Joseph Nocella.