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SEC drops insider trading suit against ex-healthcare executive pardoned by Trump
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Here are the details:• In 2023, Peizer, 65, the founder and former chief executive of healthcare company Ontrak, was charged by the Department of Justice with insider trading.
• The SEC also launched civil insider trading charges against him in a parallel action.
• He was convicted of insider trading by a federal jury in Los Angeles in 2024.
Jurors found him guilty of two counts of insider trading and one count of securities fraud.
• Trump pardoned him in January this year.