First Cash Chair Resigns Amid Insider Trading Probe
Phillip E. Powell, who had long chaired the company's board of directors, tendered his resignation Tuesday, a day after receiving a Wells notice from the SEC. The notice said the regulator had preliminarily decided to recommend the filing of an enforcement action against Powell.
The SEC's investigation covers Powell's March 2008 open market purchase of 100,000 shares of...
To view the full article, register now.