Jack Brewer, a member of Black Voices for Trump who is scheduled to speak at the Republican National Convention on Wednesday, was charged with insider trading by the U.S. Securities and Exchange Commission (SEC) earlier this month.
Brewer is a former National Football League player, who went on to work in financial services. The SEC alleges he sold 100,000 shares in a penny stock, because he had inside information that the company’s share price was likely to drop. The charges, filed August 6, are civil – not criminal. The SEC is seeking financial penalties, a return of “all ill-gotten gains he received directly or indirectly,” and a permanent ban on Brewer “from participating in any offering of a penny stock.”
Reached briefly by phone on Tuesday, Brewer said, “I’m taking off for my flight,” and hung up after NPR asked about the case. He did not respond to additional phone and email messages seeking comment.
For the full story, visit NPR.org/Investigations.
