SEC Files $1.7M Insider Trading Suit Against Cushing Broker

Law360, Dallas (May 23, 2013, 7:37 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday launched an insider trading suit against a Cushing MLP Asset Management LP private equity trader in Texas federal court, alleging he used confidential client information in 400 energy securities trades that earned him $1.7 million in illegal profits.

The SEC alleges Daniel Bergin defrauded the Dallas-based Cushing firm and its clients by using confidential information to make same-day or advance trades known as front-running, using wife Jacqueline Zaun’s brokerage accounts to conceal the activity. It claims Bergin violated...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Bergin et al

Case Number



Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange


Barbara M.G. Lynn

Date Filed

May 23, 2013


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.