Ex-Office Depot Exec Settles Insider Trading Accusations

Law360, Los Angeles (April 22, 2013, 5:30 PM EDT) -- A former Office Depot Inc. executive on Monday agreed to pay $30,000 to settle the U.S. Securities and Exchange Commission's allegations that he engaged in insider trading based on confidential information that he learned as part of a professional organization.

The SEC's complaint, filed the same day as the settlement, says Mark D. Begelman purchased stock in Bluegreen Corp. in advance of a public announcement by BFC Financial Corp. that it was acquiring the company. The SEC says Begelman, who was a member of global professional...
To view the full article, register now.