The Securities and Exchange Commission said Tuesday that an auditor in Silicon Valley has agreed to settle insider trading charges.

The auditor, Nima Hedayati, was a former junior audit staff member at Ernst & Young. According to the SEC, in October 2015, he learned through his work as an auditor about the impending acquisition of a California semiconductor equipment maker, KLA-Tencor, by another Silicon Valley company in the chip business, Lam Research.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access