Arista Networks former chairman agrees to pay nearly $1M to settle insider trading charges

FILE – Andreas Bechtolsheim, chairman and chief development officer of Arista Networks Inc., walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, Thursday, July 11, 2013. The Securities and Exchange Commission said Tuesday, March 26, 2024, that Bechtolsheim misappropriated material nonpublic information related to the impending acquisition of Acacia Communications. The insider information was related to Cisco System’s announcement in 2019 that it would purchase Acacia.(AP Photo/Rick Bowmer, File)

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