SEC Charges Securities Firm Employees with Trading and Tipping ahead of Merger

The SEC has announced additional charges in an insider trading case against two brokers who traded on nonpublic information ahead of IBM's acquisition of SPSS Inc. The original source of the information was claimed by the SEC to be an associate at a New York Law firm.

See: SEC Complaint.See also: SEC Dec. 26 Press Release; initial charges brought by the SEC.