SEC Seeks Tough Penalties For Alleged Dell Inside Trader

Law360, New York (August 23, 2011, 12:57 PM EDT) -- The U.S. Securities and Exchange Commission on Monday asked a Texas federal judge to impose civil penalties totaling more than $160,000 on a former Dell Inc. administrative assistant and her husband for insider trading tied to Dell's $3.9 billion purchase of Perot Systems Corp. in 2009.

The SEC said the maximum penalty should apply because it presented ample evidence that Marleen Jantzen tipped off her husband John, a registered securities broker, that Dell was on the verge of purchasing Perot Systems in September 2009. John Jantzen...
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