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 ...

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