Santa Monica Resident Given Prison Sentence for Insider Trading

ison time for their crimes.”

In conclusion, Terren Scott Peizer, a Santa Monica and Puerto Rico resident, was sentenced to three-and-a-half years in federal prison for engaging in insider trading to avoid losses of over $12.5 million. U.S. District Judge Dale S. Fischer also ordered him to pay a fine of $5.2 million and restitution of $12.7 million. Peizer was found guilty of securities fraud and insider trading after a 10-day trial in June 2024. This case highlights the importance of maintaining the integrity of the stock market and holding individuals accountable for violating securities laws. The DOJ’s efforts to identify and prosecute executive abuses of trading plans demonstrate a commitment to enforcing regulations and preventing insider trading schemes from undermining the fairness of the financial markets.