Ex-World Fuel Exec Settles SEC Insider Trading Suit

Law360, New York (January 21, 2011, 7:21 PM EST) -- A former World Fuel Services Corp. executive, one of five defendants accused of using insider information to collectively reap more than $1 million from trading the company's stock, has settled with the U.S. Securities and Exchange Commission.

Ex-World Fuel Vice President Richard White has been permanently enjoined from violating the Securities Exchange Act and must pay $11,742 in disgorged profits and civil penalties, according to a judgment handed down Friday by Judge Marcia G. Cooke of the U.S. District Court for the Southern District of Florida....
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