Couple Settles SEC's Insider Trading Allegations

Law360, New York (July 7, 2008, 12:00 AM EDT) -- Several months after pleading guilty to criminal insider trading charges, a former Morgan Stanley & Co. financial analyst and her husband have agreed to pay $884,829 to put to rest civil claims of insider trading brought by the U.S. Securities and Exchange Commission.

Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York entered a final judgment against Jennifer Xujia Wang and her husband Ruben Chen, a former hedge fund analyst at ING Investment Management, on Tuesday.

The couple consented...
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