BusinessCompany NewsFormer Oracle executive in insider trading scam

Former Oracle executive in insider trading scam

Former Oracle vice president settles SEC insider trading charges

Christopher Balkenhol, a former Oracle vice president, has settled
insider
trading
charges filed against him by the
Securities Exchange Commission
.

The US watchdog charged Balkenhol with obtaining information from his spouse,
who was also employed at Oracle, on Oracle’s secret acquisition targets and
trading in shares based on this information.

Balkenhol’s wife was the lead assistant to two
Oracle
presidents and the Oracle chief executive.

Balkenhol paid $198,000 (£100,100) to settle the charges.

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