Slaine To Pay Nearly $1M To End UBS Trading Probe

Law360, New York (September 16, 2010, 6:41 PM EDT) -- Former Chelsey Capital portfolio manager David R. Slaine — who worked as a government mole in the high-profile insider trading probe of Galleon Group — will pay more than $800,000 to settle unrelated insider trading allegations from the U.S. Securities and Exchange Commission.

Slaine agreed to turn over $836,385 without admitting or denying the two counts of illegal trading levied against him in February, according to a judgment entered Thursday by Judge Deborah A. Batts of the U.S. District Court for the Southern District of New...
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