SEC Wants Pilot To Pay $2.4M For Insider Trading

Law360, Miami (February 21, 2013, 10:12 PM EST) -- The U.S. Securities Exchange Commission on Thursday asked a Florida federal judge to order a maximum judgment of $2.4 million against an American Airlines pilot involved in insider trading of World Fuel Services Corp. stock, emphasizing his repeat offenses and lack of admission of wrongdoing.

The SEC is seeking a civil penalty of nearly $1.8 million from defendant Eric Gordon, triple the $589,031 in profits he and two friends allegedly made through put-option trades on World Fuel stock they placed after a company executive gave Gordon...
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