Canadian Settles US Insider Trading Claims

Law360, New York (June 10, 2009, 12:00 AM EDT) -- The husband of a former employee of Merrill Lynch Canada Inc. has agreed to settle U.S. Securities and Exchange Commission claims that he was involved in an insider trading scam.

The SEC filed a complaint Wednesday in the U.S. District Court for the Southern District of New York alleging that Michael Goodman, the husband of a former Merrill Lynch administrative assistant, and two of his business associates, Phillip Macdonald and Martin Gollan, all Canadians, improperly traded in the securities of several companies ahead of public announcements...
To view the full article, register now.