Two Charged With Insider Trading on Herbalife

The Securities and Exchange Commission on Tuesday accused two men, Filip Szymik and Jordan Peixoto, of insider trading based on information they received about William Ackman and Pershing Square Capital Management’s not-yet-public plans to bet against Herbalife, the New York Times reports. Only Peixoto actually made Herbalife trades, earning $47,100 once Ackman announced his plan.