SEC Accuses 3 Consol Execs Of Insider Trading

Law360, New York (June 1, 2012, 10:41 PM EDT) -- Three former Consol Energy Inc. executives on Friday were hit with a suit by the U.S. Securities and Exchange Commission over their alleged insider trading transactions before the company announced its $3.7 billion purchase of natural gas exploration firm Dominion Exploration Inc.

In a complaint filed in Pennsylvania federal court, the SEC accuses Charles Mazur, and former 30-year veteran employees James Poland and Joseph Cerenzia of making profits or avoiding losses by trading and selling in Consol stock options, with Mazur allegedly netting more than $47,000,...
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