Ex-PwC Employees Settle Insider Trading Charges

Law360, New York (January 16, 2008, 12:00 AM EST) -- Two former PricewaterhouseCoopers LLP employees have settled the U.S. Securities and Exchange Commission's claims that one passed confidential information about PwC clients' potential acquisitions to the other, who made insider trades based on the information.

William Patrick Borchard and Gregory P. Raben both entered into agreements with the SEC on Tuesday, the same day the commission filed its civil complaint in the U.S. District Court for the Northern District of California accusing them of violating federal securities law.

On at least six occasions, Borchard, who had...
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