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Stock impact report

British billionaire fined $5M, sentenced to 3 years probation for insider trading [Yahoo! Finance]

Solid Biosciences Inc. (SLDB) 
Last solid biosciences inc. earnings: 8/14 07:25 am Check Earnings Report
US:NASDAQ Investor Relations: investors.solidbio.com/investor-relations
Company Research Source: Yahoo! Finance
guilty to orchestrating what U.S. prosecutors said was a "brazen" insider trading scheme that saw recipients of his stock tips make millions of dollars. U.S. District Judge Jessica Clarke also sentenced Lewis to three years' probation in a plea deal Thursday after his legal counsel told the court that jail time for sharing private corporate information would be "catastrophic" for the 87-year-old. Lewis pleaded guilty in January to two counts of securities fraud and one count of conspiracy to commit securities fraud by repeatedly passing intelligence gleaned from the access he had to corporate boardrooms to people around him including romantic partners, friends, personal assistants and two pilots who flew his private aircraft. Broad Bay Limited of London, which is owned by Lewis, was also fined $44 million after pleading guilty to one count of securities fraud for covering Lewis' tracks. Lewis was facing up to 20 years in prison but the U.S. attorney raised no objection to the Show less Read more
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