Former Arista Networks chairman settles insider trading charges, US SEC says

By Thomson Reuters Mar 26, 2024 | 8:19 AM

(Reuters) – Arista Networks founder and former chairman Andreas Bechtolsheim agreed to pay a civil penalty of nearly $1 million to settle insider trading charges, the U.S. Securities and Exchange Commission said on Tuesday.

Bechtolsheim, without admitting or denying the allegations, also agreed to be barred from serving as an officer or director of a public company for five years, the SEC said in a statement.

(Reporting by Ismail Shakil; editing by Rami Ayyub)