Enviro Co. CEO Settles For $1.5M In SEC Insider Trading Case

Law360, New York (September 3, 2013, 7:58 PM EDT) -- A longtime chief executive of pollution control company CECO Environmental Corp. who also founded aerospace component maker API Technologies Corp. will settle a U.S. Securities and Exchange Commission insider trading case tied to both companies for $1.5 million, the agency announced Tuesday.

Phillip J. DeZwirek has agreed to a civil penalty of $1.36 million and accepted a five-year ban from serving as a director or officer of a publicly traded company, the SEC said, without admitting or denying the agency’s allegations.

The SEC claimed in the...
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