SEC International Insider Trading

On Dec. 6, SEC charged insider trading ring across three countries.

  • Rajeshwar Gannamaneni gave information on impending mergers, acquisitions,
    and tenders to his wife, Deepthi Gandra, and father, Linga Rao Gannamaneni.

Alleged Violation

  • Gannamaneni was IT contractor, working at Singapore branch investment bank.
  • Traded in account he controlled that was opened in the name of family member.
  • The three made $600k trading information, in advance of 40 corporate events.


  • Imposed disgorgement of ill-gotten gains, interest, penalties, injunctive relief.
  • Court-ordered freezing assets in three brokerage accounts and bank account.