Former Domino’s accountant ordered to pay $2M penalty for insider trading

The U.S. Securities and Exchange Commission announced a Michigan-based former accountant at Domino’s Pizza will be required to pay a $2 million penalty for insider trading.

The SEC's complaint filed earlier this month in the U.S. District Court for the Eastern District of Michigan alleged Bernard Compton used confidential financial data obtained through his role to trade ahead of earnings announcements.

“The SEC investigation uncovered that Compton allegedly accessed and reviewed Domino’s confidential data to prepare financial performance reports for senior management,” said Joseph Sansone, chief of the SEC’s Market Abuse Unit. “Using innovative analytical tools, SEC staff exposed the defendant’s repeated misuse of this inside information and are now holding him accountable.”

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