SEC Fines Artis Hedge Fund Over $9 Million for Insider Trading Scheme

[kreslik.news]

Artis Capital Management, a San Francisco-based hedge fund that invests mainly in public technology companies, and its former investment analyst, have settled charges with the U.S. Securities and Exchange Commission (SEC) related to an insider trading scheme that yielded tens of millions of dollars in ill-gotten gains.

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Matthew G. Teeple, a senior analyst at Artis Capital Management, pleaded guilty earlier in May to spreading secrets and repeatedly gathering and passing to Artis inside information that caused more than $30 million in illicit profits and earned him hefty bonuses.

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