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Ex-Capital One CFO Settles Insider-Trading Charges

Law360 (November 20, 2006, 12:00 AM EST) -- The former chief financial officer of credit card issuer Capital One Financial Corp. will pay $1.8 million and accept a five-year ban on serving as an officer or director of a public company to settle insider-trading and fraud charges, the Securities and Exchange Commission said on Monday.

The commission’s complaint, which was filed with the U.S. District Court for the District of Columbia in July 2004, charged David Willey with insider trading in advance of a negative news announcement concerning “supervisory action” by the Federal Reserve...
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