May 13, 2011
A New York federal judge on Thursday ordered two insider trading defendants to pay nearly $3 million in civil penalties for an alleged scheme involving Merrill Lynch & Co. Inc. and Goldman Sachs Group Inc. employees and tips about major corporate mergers.
March 18, 2011
A New York federal magistrate judge on Friday recommended that two defendants accused of insider trading pay $2.8 million in civil penalties on top of the $1.9 million they already owe to the U.S. Securities and Exchange Commission.