MANHASSET, N.Y. The Securities and Exchange Commission has charged an unidentified employee of printed circuit board supplier Merix Corp. for violating insider trading rules.
In a suit filed in the U.S. District Court of Oregon, the SEC alleges that the employee, a non-officer of Merix (Forest Grove, Ore.), along with another person, violated SEC regulations by trading Merix common stock while in possession of material non-public information.
The suit does not allege any wrongdoing by Merix, which said it is cooperating with the SEC during the investigation.
In a released statement, Merix said the allegations, if proven true, also violate its code of conduct and policies against insider trading.