June 17, 2016
Breaking a deal to cooperate fully and truthfully with authorities cost an alleged insider trader nearly $1 million when a New York judge on Thursday pumped up the $2,000 civil judgment against him to match all the downstream profits of the scheme.
March 21, 2016
The U.S. Securities and Exchange Commission delivered a stern warning to would-be cooperators on Monday when it asked a New York federal judge to throw the book at a former Euro Pacific Inc. broker who it said broke his vow to testify truthfully at a civil insider trading trial of two former colleagues he tipped to a $1.2 billion IBM acquisition.
November 04, 2013
A New York federal judge on Monday said a trial is necessary in a U.S. Securities and Exchange Commission insider trading case against a broker accused of trading ahead of a 2009 IBM Corp. deal, denying the SEC's motion for summary judgment.
January 30, 2013
A former broker whom the U.S. Securities and Exchange Commission alleges used confidential information ahead of a 2009 IBM Corp. acquisition will push to toss the complaint because the insider trading claims are too weak, his lawyer said Wednesday.
December 07, 2012
Two former law school classmates on Friday pled not guilty to charges of insider trading ahead of International Business Machines Corp.'s 2009 acquisition of software company SPSS Inc., part of a scheme prosecutors said netted $1 million in profits.