Former Analyst Agrees to Settle Insider Trading Charges
SEC Press Release No. 2011-98
April 25, 2011
The SEC announced that it settled insider trading charges against a former analyst at a broker-dealer. The SEC had alleged that the analyst illegally traded in advance of a corporate takeover by a company that the broker-dealer had advised.
Cross References
SEC Press Release No. 2010-153 (SEC announcement of asset freeze)
Exchange Act §§ 10(b), 14(e)
Exchange Act Rules 10b-5; 14e-3