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BRIEF-US accuses Scottish man of sending false tweets to cause stock price drops

Published 2015-11-05, 06:04 p/m
© Reuters.  BRIEF-US accuses Scottish man of sending false tweets to cause stock price drops
SRPT
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Nov 5 (Reuters) - Sarepta Therapeutics Inc SRPT.O :
* SEC says charges Scottish trader whose false tweets caused sharp drops in
stock prices of two companies
* SEC says U.S. Department of Justice filed related criminal charges against
the defendant, James Alan Craig
* SEC says craig falsely tweeted that audience inc was being probed and made
twitter account look like it belonged to muddy waters
* SEC says craig falsely tweeted that Sarepta Therapeutics was being probed,
made account look like it belonged to citron research
* DOJ: Craig Bought Shares of targeted companies through girlfriend's brokerage
account, caused over $1.6 million shareholder losses
* DOJ says craig was charged criminally with securities fraud, while SEC
charged him civilly with securities fraud

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