Merrill Lynch Insider To Pay Fine For Illegal Trades

Law360, New York (January 12, 2010, 2:45 PM EST) -- Federal regulators have won a $114,447 judgment against a Canadian businessman accused of trading on inside information he acquired from an associate whose wife was an employee of Merrill Lynch Canada Inc.

Federal Judge Harold Baer of the U.S. District Court for the Southern District of New York ordered Martin Gollan, the sole remaining defendant in the case after Michael Goodman and Phillip MacDonald agreed to consent judgments last spring, to pay for his role in the scheme, which obtained more than $1.2 million in ill-gotten...
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