Brandon Charnas isn't cooperating with a "possible insider trading violations" probe, the SEC said.
Charnas, the husband of Something Navy's Arielle Charnas, bought Office Depot stock in 2021.
Charnas made stock trades before an announcement that Staples wanted to acquire Office Depot, the SEC said in its statement.
The SEC said Charnas hasn't cooperated with the probe, "improperly asserted" his Fifth Amendment right, and refused to turn over documents.
In December, an Insider investigation found that Arielle Charnas' company was struggling to stay afloat amid an employee exodus, lackluster sales, and delayed payments to factories and models.
Persons:
Brandon Charnas, Charnas, SEC hasn't, Something, Arielle, Staples, Brandon Charnas didn't, didn't, Charnas hasn't, it's, Matt Scanlan
Organizations:
SEC, Service, Something Navy
Locations:
Wall, Silicon