Andreas Bechtolsheim, a founder of Sun Microsystems and Arista Networks (ANET), will be barred from serving as an executive or board member of a public company for five years after the Securities and Exchange Commission accused him of insider trading, reported Bloomberg’s Austin Weinstein. The alleged misconduct involved trading on Cisco Systems’ (CSCO) offer to buy Acacia Communications in 2019 and in settling the suit Bechtolsheim did not admit to or deny the SEC’s allegations, though he will pay a $923,740 fine, Bloomberg reported.
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