Teeple was arrested Tuesday in San Clemente, and Riley was arrested in San Jose.
WSJ: 2 men charged in NY in $27M insider trading scheme
2.
Authorities said Teeple also provided information about Brocade's plans to acquire Foundry to two acquaintances, including John Johnson, 46, of Arvada, Colo.
WSJ: 2 men charged in NY in $27M insider trading scheme
3.
Within two hours of the call, Teeple telephoned an investment adviser, who began purchasing a large amount of Foundry stock even before he got off the phone, prosecutors said.
WSJ: 2 men charged in NY in $27M insider trading scheme