Andreas “Andy” Bechtolsheim, a Silicon Valley heavyweight and co-founder of Sun Microsystems, has been charged with insider trading by the US Securities and Exchange Commission. Bechtolsheim allegedly used his knowledge of Cisco’s acquisition of Acacia Communications to buy options in Acacia, earning significant profits. The SEC claims Bechtolsheim knew the information was non-public and failed to keep it confidential. Despite his enormous net worth, Bechtolsheim has agreed to pay a civil penalty and be barred from serving as an officer or director of a public company for five years. The SEC fine is a small fraction of his overall wealth.
https://www.theregister.com/2024/03/26/sun_microsystems_insider_trading/