Insider trading

Several corporate PR advisers have been charged with using market sensitive information on companies they were advising for their financial benefit in trading shares (insider trading).

• In March 2005 the Holmes Report noted that Robert Goehring, the former corporate communications director for Gerber Scientific, had been charged with five counts of insider trading. "Prosecutors allege that in 2000, Goehring bought and sold Gerber common stock and shorted that stock while in possession of material non-public information about the automation systems maker. As a a result of his purchases and sales, prosecutors say, Goehring obtained more than $42,000 in illegal profits and avoided losses of more than $54,000," The Holmes Report noted.

External links

• "Former Gerber Scientific Communications Exec Charged with Insider Trading", Holmes Report, March 7, 2005.