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Securities and Exchange Commission v. Binette et al
Case Number:
3:09-cv-30107
Court:
Nature of Suit:
Judge:
Government Agencies
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July 05, 2011
Hartford Analyst's Stock Tips Fine Sticks
A Massachusetts federal judge on Tuesday refused to reduce a $2.5 million judgment imposed on a former Hartford Investment Management Co. analyst accused of trading on nonpublic knowledge of Liberty Mutual Insurance Co.'s acquisition of Safeco Corp.
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May 20, 2011
SEC Nabs $3M Judgment In Liberty Mutual Stock Tip Suit
The U.S. Securities and Exchange Commission won a judgment Thursday ordering a Massachusetts man and his uncle, an ex-Hartford Investment Management Co. analyst, to pay $2.5 million for trading on an insider tip about Liberty Mutual Insurance Co.'s acquisition of Safeco Corp.