Croatian Seamstress Faces $6M Insider Trading Fine

Law360, New York (December 1, 2009, 12:30 PM EST) -- A federal judge has issued a $5.7 million penalty against a 63-year-old retired Croatian seamstress accused by the U.S. Securities and Exchange Commission of letting Goldman Sachs Group Inc. analysts access her brokerage account to execute insider trades.

While Sonja Anticevic's conduct was egregious, it is unlikely she is wealthy, Judge Kimba M. Wood of the U.S. District Court for the Southern District of New York said Monday, declining to triple a civil penalty levied against Anticevic for more than $2 million in illegal trades made...
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