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Former NVIDIA employee fined over Xbox insider trading

Rob Fahey avatar
News by Rob Fahey Contributing Editor
Published on

The Securities and Exchange Commission, the key American regulatory body covering the financial markets there, has made its final ruling in a case related to insider trading by former NVIDIA employee David Chang.

Chang was accused of using information regarding NVIDIA's contract to supply components for the Xbox console in order to profit on the stock market prior to the public announcement of the contract.

Along with 15 other NVIDIA employees who have been indicted for illegally profiting from this information, Chang was believed to have learned of the deal through a confidential internal memo.

Following a guilty plea filed last spring, he has now been fined $116,000 by the SEC. He has been under house arrest since his arrest earlier this year.

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Rob Fahey avatar
Rob Fahey: Rob Fahey is a former editor of GamesIndustry.biz who spent several years living in Japan and probably still has a mint condition Dreamcast Samba de Amigo set.