SEC Settles With Trader In Watley Squawk Box Suit

Law360, New York (June 11, 2010, 11:43 AM EDT) -- The U.S. Securities and Exchange Commission has reached a settlement with a securities trader accused of participating in a so-called squawk box insider trading scheme at A.B. Watley Group Inc.

Magistrate Judge Steven M. Gold of the U.S. District Court for the Eastern District of New York suspended the case against Keith A. Rogers on Thursday at the request of the SEC, which said it had reached a settlement agreement in principle with the former Watley trader.

Settlement discussions are ongoing with another former Watley trader,...
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