Rezakhani also shared part of the profit with Sam Sadeghi, an individual who helped him on his brokerage account trades.
Rezakhani participated in at least two online trading communities and said it was "so obvious" what Amazon would report in the quarter that even a "5 year old can guess what they will do."
Settlement Reached
Without admitting wrongdoing, Sadeghi and Kennedy will pay a settlement of $11,599.74 plus $1,035.39 in interest and an $11,599.74 penalty for a total of $24,214.87, the SEC also said.
Kennedy will also face criminal charges from the U.S. Attorney's Office for the Western District of Washington.
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