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Friday, April 10, 2015

SEC charges 2 with insider trading in defunct Cooper-Apollo deal

The Securities and Exchange Commission has charged two investors with illegally profiting from insider trading in connection with the failed acquisition of Cooper Tire & Rubber Co. by India's Apollo Tyres Ltd. Amit Kanodia, an entrepreneur and private equity investor based in Brookline, Mass., and Iftkar Ahmed, a Greenwich, Conn.-based venture capitalist and owner of the firm Rakitfi Holdings L.L.C., were named as defendants in a fraud complaint filed April 2 in the Connecticut federal district court.


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