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.
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