Laid-off Foot Locker employee made $100,000 after shorting stock, SEC says
Financial watchdogs charged a 56-year-old New Yorker with insider trading on Tuesday, alleging the executive knew in advance that Foot Locker’s disappointing earnings would trigger a stock selloff. In total, authorities said the exec made about $113,000—and now he has to pay it back double, according to a pending settlement deal. Per the Securities and…