SEC Insider Trading Settlement

On May 7, SEC settled in a case of insider trading worth $250k.

  • Brian Fettner traded on confidential information taken from a lifelong friend.

Alleged Violations

  • While a guest at his friend’s house Fettner surreptitiously viewed confidential
    information re a pending corporate acquisition of G&K Services Inc. by Cintas.
  • Using this information and without telling his friend, he purchased G&K stock.
  • Fettner used his ex-wife and a former girlfriends accounts to conduct trades.
  • After Cintas and G&K announced the merger in Aug. 2016, G&K’s stock price
    jumped 17% resulting in illicit profits from Fettner’s misconduct of over $250k.


  • Fettner fined $252.9k, also named as relief defendants Fettner’s ex-wife and a
    former girlfriend, who each profited when their brokerage accounts being used.
  • Relief defendants agreed to disgorge those profits with prejudgment interest.