Denver Investor Settles SEC Insider Trading Claims

Law360, New York (April 16, 2013, 6:57 PM EDT) -- Denver businessman Scott Reiman agreed Tuesday to pay nearly $900,000 to the feds in order to settle insider trading accusations that he profited illegally from a 2007 deal where Tracinda Corp. bought a large stake in Delta Petroleum Corp.

Reiman, who heads investment firm Hexagon Inc., will also be barred from the securities industry and from serving as an officer or director of a public company for at least five years, according to a statement from the U.S. Securities and Exchange Commission.

“Reiman took advantage of...
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