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SEC settles insider trading case with Massachusetts resident involving Sage Therapeutics

Photo of the agency seal on exterior side of the Securities and Exchanges Commission building
Photo: Anna Moneymaker/Getty Images

Kevin Kinsella

1 min read
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The agency alleged that Brian Suthoff liquidated all of his Sage stock in advance of negative news.

The SEC has resolved insider trading allegations with a Massachusetts resident concerning Sage Therapeutics, Inc, after his alleged liquidation of shares in the company on the basis of “extremely restricted” FDA-related information.

According to the SEC’s complaint, Brian Suthoff allegedly avoided losses of nearly $20,000 by trading in advance of

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