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Judge Iffy On Fining Imprisoned Inside Trader From Ameriprise

Law360, Philadelphia (April 7, 2015, 1:40 PM EDT) -- A Pennsylvania federal judge said he was hesitant to further punish a former Ameriprise Financial Services Inc. adviser currently serving jail time for insider trading, at a hearing Tuesday on the U.S. Securities and Exchange Commission's enforcement action over trades in an insurance company. 

Weighing the SEC's request to hold Timothy McGee liable for tipping off a friend to the 2008 sale of Philadelphia Consolidated Holding Corp., U.S. District Judge Timothy J. Savage suggested that the criminal punishment of six months in prison and a $100,000...
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