A fired Foot Locker employee shorted the stock and made more than $100,000, authorities say
Financial watchdogs on Tuesday charged a 56-year-old New Yorker with insider trading, alleging the executive knew in advance that Foot Locker’s disappointing earnings would lead to a stock sell-off. In total, authorities said the director made about $113,000 — and now he must pay back double that, according to a pending settlement. According to the … Read more