Miami Trader Made $1.3M From Illegal Moves, SEC Says

Law360, Miami (December 3, 2013, 6:11 PM EST) -- The U.S. Securities and Exchange Commission announced Tuesday that it has sued a Miami-based trader for alleged insider trading of a Chinese company's stock and for illegal short sales of stock in three other companies.

The SEC claims that Charles Raymond Langston III made more than $193,000 in illegal profits by trading in stock of AutoChina International based on company information he had received and agreed to keep confidential. The agency also says he and two of his companies, Guarantee Reinsurance Ltd. and CRL Management LLC,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Langston et al


Case Number

1:13-cv-24360

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

Donald L. Graham

Date Filed

December 2, 2013

Companies

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.