U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23574 / June 20, 2016
Securities and Exchange Commission v. James S. Hannon, Civil Action No. 1:16-cv-11148 (D. Mass. filed June 20, 2016)
SEC Charges Former Employee with Insider Trading in Stock of the Parent Company of the T. J. Maxx, Marshalls, and Homegoods Retail Chains
The Securities and Exchange Commission today charged James S. Hannon, a former mid-level manager of Massachusetts-based The TJX Companies, Inc., the parent company of retail store chains T.J. Maxx, Marshalls and HomeGoods, with insider trading in TJX stock.
According to the SEC's complaint filed in federal court in Boston, Massachusetts:
The SEC's complaint charges Hannon with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Without admitting or denying the SEC's allegations, Hannon consented to the entry of a final judgment that would permanently enjoin him from future violations of Section 10(b) and Rule 10b-5 and require him to pay disgorgement of $26,679, prejudgment interest of $3,008.99, and a civil penalty of $26,679. The settlement is subject to court approval.