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SEC & DOJ bring insider trading charges related to Dick’s Sporting Goods earnings

Image of a man trading stocks in front of several computers.
Photo: Spencer Platt/Getty Images

Julie DiMauro

2 min read
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The cases revolve around MNPI an individual got from a Dick’s Sporting Goods employee to engage in nearly 200 trades of the company’s securities.

The SEC has charged a Pennsylvania resident, Frank T Poerio, Jr, with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc and trading on that information, realizing illegal profits of more than $800,000. The Department of Justice charged him with four counts of securities fraud as well.

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