SEC Alleges 'Serial' Insider Trading Scheme

Law360, New York (December 16, 2009, 6:59 PM EST) -- Two former employees at major global financial institutions and two of their friends are facing allegations by the U.S. Securities and Exchange Commission that they masterminded a serial insider trading scheme in a bid to profit from highly confidential merger and acquisition information.

The SEC's complaint, filed Wednesday in the U.S. District Court for the Northern District of California, targets Vinayak S. Gowrish, a former associate at multibillion-dollar private equity firm TPG Capital LP, and Adnan S. Zaman, a former vice president and investment banker at...
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