U.S. SEC charges three Twilio engineers with insider trading

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their  headquarters in Washington, D.C.
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo

March 28, 2022

(Reuters) – The U.S. Securities and Exchange Commission said on Monday it charged seven California residents for allegedly generating more than $1 million in profits via insider trading ahead of Twilio Inc’s first-quarter 2020 earnings announcement.

The seven people charged include three software engineers employed at San Francisco-based Twilio, the SEC said in a statement.

(Reporting by Ismail Shakil in Bengaluru; Editing by Leslie Adler)