Ex-Qualcomm Exec Settles SEC Insider Trading Claims

Law360, New York (June 16, 2010, 7:23 PM EDT) -- A former Qualcomm Inc. executive who allegedly traded on inside information about a licensing agreement with Nokia Corp. has settled with the U.S. Securities and Exchange Commission, agreeing to pay more than $70,000.

Andres Leyva, a former Qualcomm director of strategic marketing analysis, will disgorge more than $36,000 in trading profits and interest and pay a civil fine of nearly $35,000 under an order approved Wednesday by the U.S. District Court for the Southern District of California.

Leyva is also enjoined from violating federal securities laws...
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