SEC Settles Insider Trading Claims With UBS Banker

Law360, New York (October 5, 2010, 5:31 PM EDT) -- A former UBS Securities LLC investment banker has partly settled with the U.S. Securities and Exchange Commission in a case involving an alleged $1 million insider trading ring.

Igor Poteroba on Sept. 21 agreed to abide by a permanent injunction forbidding him from engaging in violations of the Securities Exchange Act of 1934 in return for being dropped from the SEC's case, the agency said Monday.

The order means that Poteroba consented to the injunction without admitting or denying the SEC's allegations, said Ira Lee Sorkin,...
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