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https://www.bodyslam.net/2022/06/16/kevin-dunn-may-be-guilty-of-insider-trading/
>It looks like Kevin Dunn may be on the hook for insider trading.
>Earlier this week, it was revealed that Vince McMahon was being investigated by the WWE board since April of this year. The Wall Street Journal broke the news that the WWE Chairman was being investigated for secret hush money payment to a woman Vince McMahon had a sexual relationship with. This of course was bound to effect stock prices for the company when the news broke and with the board being notified of the investigation in April, any stock trading since will surely be investigated.
>Brandon Thurston of Wrestlenomics revealed that there has been a lot of stock movement on the WWE stock over the last 24 hours. However, something from last month is relevant.
>Kevin Dunn sold over one million dollars of stock in May. This would be over 15,000 shares. Kevin Dunn has been a member of the WWE Board Of Directors since 2008. The board was made aware of the investigation regarding Vince McMahon in April. This would mean that Kevin Dunn will likely be investigated for insider trading as he used his knowledge as a member of the board to profit. It could also be considered stock manipulation due to Dunn having a major say in how the investigation would be handled.
>The SEC can seek up to 20 years in prison for insider trading and up to a five million dollar fine.
>It looks like Kevin Dunn may be on the hook for insider trading.
>Earlier this week, it was revealed that Vince McMahon was being investigated by the WWE board since April of this year. The Wall Street Journal broke the news that the WWE Chairman was being investigated for secret hush money payment to a woman Vince McMahon had a sexual relationship with. This of course was bound to effect stock prices for the company when the news broke and with the board being notified of the investigation in April, any stock trading since will surely be investigated.
>Brandon Thurston of Wrestlenomics revealed that there has been a lot of stock movement on the WWE stock over the last 24 hours. However, something from last month is relevant.
>Kevin Dunn sold over one million dollars of stock in May. This would be over 15,000 shares. Kevin Dunn has been a member of the WWE Board Of Directors since 2008. The board was made aware of the investigation regarding Vince McMahon in April. This would mean that Kevin Dunn will likely be investigated for insider trading as he used his knowledge as a member of the board to profit. It could also be considered stock manipulation due to Dunn having a major say in how the investigation would be handled.
>The SEC can seek up to 20 years in prison for insider trading and up to a five million dollar fine.
