U.S. authorities charge healthcare company Ontrak's boss with insider trading

Ontrak

01/03/2023 18:44

WASHINGTON, March 1 (Reuters) - U.S. authorities on
Wednesday charged healthcare treatment company Ontrak Inc's
 OTRK.O  chairman and chief executive, Terren Peizer, with
insider trading.
    Peizer sold more than $20 million of Ontrak stock between
May and August 2021 while in possession of material non-public
negative information related to the company’s largest customer,
the SEC said in a statement.
    The Justice Department separately announced criminal charges
against Peizer.

 (Reporting by Kanishka Singh in Washington; Editing by Chris
Reese)
 ((Kanishka.Singh@thomsonreuters.com; +12024508248;))