Brief

The Securities and Exchange Commission ("SEC") has initiated cease-and-desist proceedings against William R. Ruffalo for insider trading in PGT Innovations, Inc. and Masonite International Corporation securities. This action involves a scheme where Ruffalo's father, Barry Ruffalo, a former Masonite board member, tipped him about pending acquisitions, enabling them to generate illicit profits through advance trading. The SEC has found that William Ruffalo engaged in insider trading by using material nonpublic information provided by his father, resulting in cumulative illicit profits of $61,268 and violating Section 10(b) of the Exchange Act.

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US Securities and Exchange Commission

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