Ex-Cushing Trader Pleads Not Guilty In Front-Running Case

Law360, Dallas (October 29, 2013, 9:12 PM EDT) -- A former equities trader for Cushing MLP Asset Management LP pled not guilty Monday in Texas federal court after he was indicted on 15 counts of securities fraud, stemming from an alleged three-year front-running scheme under which he traded on insider information using his wife’s brokerage account.

According to the U.S. Department of Justice, Daniel Lutz Bergin self-surrendered following the Oct. 16 indictment and was released on his own promise to appear. Bergin allegedly used material nonpublic information he learned from Cushing to make personal trades...
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