BAE Exec Settles SEC Insider Trading Claims

Law360, New York (March 24, 2011, 12:35 PM EDT) -- The U.S. Securities and Exchange Commission struck a deal Wednesday in Virginia with BAE Systems Inc. executive Daniel F. Wiener II over claims that he engaged in insider trading prior to his company's purchase of MTC Technologies Inc.

The agreement was unveiled the same day that the SEC brought a complaint against Wiener in the U.S. District Court for the Eastern District of Virginia.

Without admitting or denying the allegations, the defendant consented to the entry of a final judgment permanently enjoining him from violations of...
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