The SEC charged Frank T. Poerio, Jr., who had a longstanding relationship with an employee of Dick’s Sporting Goods (Ticker: DKS) who had access to multiple internal sources of material non-public information about the company’s financial results, with insider trading for exploiting the trust of the employee and pumping him for information. Poerio agreed to a settled action with disgorgement and penalties to be determined by the U.S. District Court for the Western District of Pennsylvania. The U.S. Attorney’s Office announced parallel criminal charges.