Tesla, Cardiovascular probed over stock trading plans-WSJ

Newswire

April 30 (Reuters) - U.S. federal prosecutors have sent subpoenas to Tesla Motors Inc and Cardiovascular Systems Inc asking for documents and emails relating to a trading plan that allows executives to sell company stock, the Wall Street Journal said on Tuesday, citing a person familiar with the probe. The Securities and Exchange Commission (SEC) allows company executives to trade their own stock by using a preset plan known as "10b5-1," even when they have access to private ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×