SEC Inks 3rd Deal In SemGroup Insider Trading Probe

Law360, New York (March 31, 2010, 5:05 PM EDT) -- A former SemGroup LP crude oil purchasing manager has agreed to pay more than $172,000 to settle regulators' allegations that he dumped his interest in the petroleum distributor based on inside knowledge of its plans to seek Chapter 11 protection.

Gary Navarro and the U.S. Securities and Exchange Commission won court approval for an agreed judgment Tuesday in the U.S. District Court for the Northern District of Oklahoma.

Navarro, 58, will have to pay a civil penalty of $83,600, disgorge $83,600 and pay roughly $5,000 in...
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