This is what they did (allegibly)
” In addition, the Complaint alleges, Blackie, Erickson and
Tague each sold Platinum common stock while they were in
possession of adverse material non-public information about
Platinum’s true financial condition, thereby avoiding trading
losses of $1,018,000, $498,000 and $960,000, respectively.
Blackie, Erickson and Tague also received bonuses of $128,125,
$50,000 and $6,000, respectively, during the period of the
alleged fraud based upon Platinum’s purportedly strong financial
performance.”

so they paid some fines….
“directing Blackie and Tague to pay civil money penalties of
$100,000 and $50,000, respectively”

So Blackie’s (alleged) losses cut down from: $1,018,000 to $100,000

I’m starting to hate the internet. You can sometimes dig up too much information.

I say, skip the drama and go with labtech (www.labtechsoft.com)

Rafal

By my very nature I give people the benefit of the doubt. Am I defending Blackie? I guess so. Full disclosure: MSPmentor has done business with Kaseya. And Blackie always sits down for an interview when I reach out to him.

But that doesn’t stop me/MSPmentor from asking the hard questions in this industry. And our readers will always have the power to weigh in with comments to ensure your voices and opinions are heard as well. (Translation: If you think our coverage misses the mark you’re free to slam us on our own comment boards.)

Kaseya plans to remain private. If the company ever pursues an IPO with Blackie as CEO, we’ll finally see if Wall Street considers Blackie’s old SEC settlement an issue.

Thanks for the official comment, Kaseya.
-jp