Nev. Man Will Pay $252K To Resolve Insider Trading Suit
Law360 (May 7, 2019, 7:26 PM EDT) -- A Nevada man agreed Tuesday to pay $252,000 to the U.S. Securities and Exchange Commission to resolve civil allegations he illicitly generated about that much in profits by using insider information that uniform makers G&K Services and Cintas would merge, according to federal officials.
Without admitting any wrongdoing, Brian Fettner also agreed to never again violate provisions of federal securities laws, according to the SEC.
Fettner surreptitiously got wind of the impending merger ahead of the public when, in June 2016, he stayed overnight at the Cincinnati home of a childhood friend who happened to be Cintas Corp.'s general counsel, according to a complaint...
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