About one year ago I was working for a small start-up that's on the verge of going bankrupt. I bought some stocks when the prices went so low. Then the company was bought by a very large company with stock swap and some cash. So I made some nice profits but net was not much becasue I only bought about $1000 worth of stocks. Two weeks ago I receive a letter from SEC local branch asking me to provide documents (phone bill, email, etc) and relationships between me and some company directors. I guess they are investigating whether I had any "insider trading". I was a low level nobody in the company and just becasue I saw the stock went so low so I bought some (I also bought before when the stock was not so low).
Anybody out there had similar situation and since the company were bought all the empploees wee laid off so I don't have any emails in my possession. I am not sure what I should provide them with. Thanks.
