Ex-Wells Fargo Analyst Settles Insider Trading Case
Law360, New York (May 28, 2015, 7:18 PM EDT) -- A former Wells Fargo analyst has agreed to pay $75,000 to settle the U.S. Securities and Exchange Commission’s administrative charges that he engaged in insider trading by giving one of the firm’s traders early access to his research, but he won’t face an industry bar or suspension, according to documents filed Thursday.
The SEC’s settlement with Gregory T. Bolan Jr., who neither admitted nor denied the insider trading charges, also reflects a significant change in the agency’s allegations against Bolan. The SEC previously included claims that Bolan violated both Section 10(b) of the Exchange Act and Section 17(a) of the Securities...
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