Wyoming pension officer charged with insider trading
Date posted: March 27, 2013
CASPER (AP) — The man in charge of investing Wyoming’s pension system funds is on leave after being charged with insider trading.
The Security and Exchange Commission charged John Johnson on Tuesday. He’s accused of buying shares of technology company Foundry Networks, Inc. in 2008 after a friend tipped him off that the company would be sold for about $3 billion. According to the complaint, Johnson made $136,000 in the deal.
Johnson wasn’t working for the Wyoming Retirement System at that time. He was hired by Wyoming in 2010 and became the chief investment officer in April 2012.