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Husbands Of The Year Didn’t Realize Wives Were Serious When They Said ‘Don’t Trade On This Inside Information’

Ching Hwa Chen and Tyrone Hawk know what we’re talking about.

Ching Hwa Chen, 61, of San Jose, California, overheard his wife, Informatica Corp. (INFA)’s senior tax director, discussing the company’s quarterly results in June 2012 and gleaned that they might miss its forecasts, the SEC said in a complaint filed today in federal court in San Jose, California. Chen bought options and sold the company’s shares short, making $138,000 when they dropped after the company didn’t make the forecast, the SEC said. His wife had told him not to trade in Informatic shares under any circumstances and Chen hid the trades from her, the SEC said. Chen, who didn’t admit or deny wrongdoing, agreed to pay $280,523 to settle the case, according to the SEC.

In a separate complaint filed in San Jose, the agency said Tyrone Hawk, 46, of Los Gatos, California, made $151,480 by selling shares of Acme Packet Inc. that he bought after overhearing his wife, an Oracle Corp. (ORCL) finance manager, in discussions regarding the software company’s planned acquisition of Acme in February 2013. Hawk didn’t heed his wife’s warning that there was a blackout in trading Oracle securities because it was in the process of an acquisition. Hawk, who also didn’t admit to or deny the allegations, agreed to pay about $305,614 to resolve the SEC lawsuit, according to court documents.

Two Husbands Accused of Trading on Wives Overheard Talk [Bloomberg]

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20 Responses to “Husbands Of The Year Didn’t Realize Wives Were Serious When They Said ‘Don’t Trade On This Inside Information’”

  1. Guest says:

    Marital non-public information.

    Insid-her trading.

    I'll stop now.

  2. guest says:

    they probably just weren't listening when the wives said it.

    • Alt_EST says:

      Said: "Julie, yeah, I really think we're going to buy Acme…oh hold on one sec. Honey! I know you can hear me in there! There's a blackout on trading Acme, so don't get any brilliant ideas like when you got drunk and bought Enron in 2001!"

      Heard: Buy Acme__________blackout______drunk_____brilliant idea.

    • Barry Capital GP says:

      Bitches set them up.

  3. JGuest says:

    Is Tyrone Hawk Tony Hawk's gangster alter ego?

  4. SEC says:

    What's the formula used. Double the amount you gained and return it, and we will just pretend this never happened ?

  5. Elan Martoma says:

    A name like Ching Chen is always going to arouse suspicion.

  6. Jeff Mackerel says:

    Hawks are one of my sworn enemies, for they feast on the flesh of my people during the hour of savage delight.

  7. Ogre says:

    Am I the only one that feels they always catch the small guys and never the big ones?

  8. Husbands are losers says:

    The husbands were slimy, moronic, cheating idiots and complete embarrassments. The wives, if they are smart, should divorce them. Then again, the husbands are probably financial albatross losers who would require alimony as they sat home all day and played video games.

    • guest says:

      You're new to this sight huh? You might be better off Cosmo or Redbook

      • EQ in Dallas says:

        I'll allow it. Presents a good opportunity to remind a woman there's a slime party in my pants and she's invited.