NEW YORK, Sept 24 (Reuters) - The U.S. Securities and
Exchange Commission charged a former Foot Locker
executive on Tuesday with insider trading, saying he sold short
the retailer's stock prior to two earnings announcements in
2023.
In a complaint filed in Manhattan federal court, the SEC
said Barry Siegel, who had been a Foot Locker ( FL ) senior director of
order planning management, reaped more than $112,000 of profit
by trading on material nonpublic information that suggested Foot
Locker's ( FL ) results would disappoint investors.