On October 21, 2016, Mr. Cope pleaded guilty in federal district court to one count of the felony offense of insider trading in violation of United States Code title 15, section 78j(b) and Code of Federal Regulations title 17, section 240.10b-5.[1] The federal court ultimately sentenced him to twenty-four months of probation, the first nine months of which required home confinement, with a fine of $200, 000.