Ex-Office Depot Exec Settles Insider Trading Accusations

Law360, Los Angeles (April 22, 2013, 5:30 PM EDT) -- A former Office Depot Inc. executive on Monday agreed to pay $30,000 to settle the U.S. Securities and Exchange Commission's allegations that he engaged in insider trading based on confidential information that he learned as part of a professional organization.

The SEC's complaint, filed the same day as the settlement, says Mark D. Begelman purchased stock in Bluegreen Corp. in advance of a public announcement by BFC Financial Corp. that it was acquiring the company. The SEC says Begelman, who was a member of global professional...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.