On May 31, 2017, Saleem Mohammad Khan was arrested and charged for his involvement in an insider trading scheme involving the securities of Ross Stores, Inc., which are traded on the NASDAQ stock exchange.  Khan allegedly received material nonpublic  information about the financial performance of Ross Stores, Inc. from an unnamed co-conspirator.  Khan used the information to buy and sell securities issued by Ross Stores and tried to conceal the scheme by sometimes using the brokerage accounts of third parties.  Over an approximately three-year period, Khan and others allegedly generated illegal profits in excess of $8.2 million.  Khan is charged with conspiracy and seven counts of securities fraud. United States v. Khan, 4:17-CR-00295 (N.D. Cal.).

DOJ Press Release