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SEC Hits Ex-Snap Inc. Engineer With Insider Trading Suit

By Al Barbarino ( December 9, 2021, 7:49 PM EST) -- A former engineer with Snapchat parent company Snap Inc. is facing a U.S. Securities and Exchange Commission lawsuit that claims he tipped off his brother-in-law that the company had beat its earnings estimates, covertly wiring him cash to execute trades that would reap the duo more than $261,000 in illegal profits, the agency said Thursday....

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