Ex-EMC VP To Pay Fine For Insider Trading

Law360, New York (January 25, 2010, 1:11 PM EST) -- A former high-level executive at EMC Corp. has agreed to fork over more than $390,000 to bury charges that he engaged in insider trading surrounding the company's $85 million acquisition of Document Sciences Corp.

Avi Fogel, formerly EMC's vice president of strategic initiatives, made more than $190,000 in illicit profits as a result of the scheme, the U.S. Securities and Exchange Commission said in court documents filed Friday in the U.S. District Court for the District of Massachusetts.

According to the SEC, the 54-year-old resident of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.