CORRECTED: Ex-Nasdaq Exec Apologizes For Insider Trading

Law360, New York (August 11, 2011, 7:48 PM EDT) -- A former Nasdaq executive who pled guilty in May to fraud charges stemming from a $755,000 insider trading scheme expressed regret for his actions in a letter filed with a Virginia federal court Monday.

Donald L. Johnson expressed remorse and said that he was motivated by “stupidity” rather than greed to take advantage of his role on the market intelligence desk to trade on nonpublic information.

“I have never desired or lived a lavish lifestyle — nor is there any evidence that anyone in my family...
To view the full article, register now.