date:Jan 15, 2014
ers was going to buy the chain.
The client, an investor in a 3G buyout fund, often shared confidential financial information with Prado on the understanding it would be kept confidential, the SEC said.
But Prado instead used the Burger King information to generate $175,000 in profit, and tipped at least four of his clients ahead of the buyout, court papers show.
One client, former banker Igor Cornelsen, allegedly started betting on Burger King the prior May after Prado told him in an email wr