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Brief
The Securities and Exchange Commission charged Gabriel Rebeiz, an electrical engineering professor at a California public university, with insider trading for purchasing Resonant Inc. stock ahead of its acquisition by Murata Manufacturing Ltd. on February 14, 2022. Rebeiz's alleged insider trading resulted in illicit profits of $360,673 after Resonant's stock price increased by 257%. The SEC settled charges against Rebeiz, who consented to a final judgment that prohibits him from serving as an officer or director of a public company for five years and orders disgorgement of his profits.
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