SEC Charges Former Tallgrass Energy Board Member Roy Cook and Associates with Insider Trading
The Securities and Exchange Commission (SEC) has announced insider trading charges against Roy Cook, a former board member of Tallgrass Energy LP, and four associates. The charges stem from their alleged trading on material nonpublic information ahead of a public announcement of Blackstone Infrastructure Partners' acquisition offer for Tallgrass. The SEC also accuses Cook of failing to file required disclosure reports related to securities transactions by family trusts. All five defendants have agreed to settlements totaling over $2.2 million in disgorgement, prejudgment interest, and civil penalties.