WASHINGTON (Reuters) – U.S. authorities on Wednesday charged healthcare treatment company Ontrak Inc’s 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)
