The Tel Aviv District Court has convicted publicist Tzvi Rabin and Attorney Guy Penn for the crime of insider trading.
In December, an indictment was filed with the Economic Department at the Tel Aviv District Court against Mr. Zvi Rabin, on suspicion of using inside information by an insider, in violation of Section 52c of the Securities Law, and against Mr. Guy Penn, on suspicion of making use of inside information received from an insider in a ompany, in violation of Section 52d of the Securities Law. Mr. Zvi Rabin is the founder of Kwan Communications, a private company which provided communications services, public relations, investor relations and crisis management for companies both in Israel and abroad.
In the period referenced in the indictment, Kwan’s clients included Evogene, Alvarion, Aladdin, and additional companies.