Ex-Nasdaq Exec Pleads Guilty To Insider Trading

Law360, New York (May 26, 2011, 6:13 PM EDT) -- A former Nasdaq employee pled guilty Thursday in Virginia federal court to securities fraud charges stemming from an insider trading scheme that saw him take in $640,000 in illicit gains over the course of three years.

According to a criminal information filed in Alexandria, Va., Donald L. Johnson, a former managing director on Nasdaq's market intelligence desk, made trades on the stock of companies based on nonpublic information that was provided to him directly by those companies. Johnson faces up to 20 years in prison and...
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