Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Former Amazon analyst gets 6 months for insider trading

SEATTLE – A former Amazon financial at Amazon has been sentenced to six months in prison and a $2,500 fine after admitting he tipped off a college friend to details about the company’s upcoming first-quarter earnings report in spring 2015.

Brett D. Kennedy was sentenced Friday after pleading guilty to a federal insider trading charge in September.

Prosecutors said his former fraternity brother at the University of Washington, Maziar Rezakhani, used the information to make $116,000 trading stock and paid Kennedy $10,000.

Kennedy gave up the $10,000 in a settlement with the Securities and Exchange Commission.

Kennedy had worked as a financial analyst at Amazon since 2013.

He apologized to the company for abusing its trust and to his parents for letting them down.

News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

Abbey Westbury

Related Articles