Miami Trader Made $1.3M From Illegal Moves, SEC Says

Law360, Miami (December 3, 2013, 6:11 PM EST) -- The U.S. Securities and Exchange Commission announced Tuesday that it has sued a Miami-based trader for alleged insider trading of a Chinese company's stock and for illegal short sales of stock in three other companies.

The SEC claims that Charles Raymond Langston III made more than $193,000 in illegal profits by trading in stock of AutoChina International based on company information he had received and agreed to keep confidential. The agency also says he and two of his companies, Guarantee Reinsurance Ltd. and CRL Management LLC,...
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