Ex-Nasdaq Exec Gets 3 1/2 Years For Insider Trades

Law360, New York (August 12, 2011, 1:58 PM EDT) -- A Virginia federal judge on Friday sentenced a former Nasdaq executive to 3 1/2 years in prison and ordered him to forfeit $755,000 for trading on secret information that he gleaned from his position as a stock market official.

As part of his job, Donald L. Johnson, who was with Nasdaq from at least 2003 until he retired in 2009 as a managing director on Nasdaq's market intelligence desk, advised companies about how their coming news and developments might affect their share prices.

"Mr. Johnson used...
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