Article: SEC Sues New Jersey Plastics Executive over Trading in Musicland Shares.

By Tim Huber, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News

Apr. 23--A New Jersey plastics company executive allegedly netted millions by illegally trading shares of Musicland Stores Corp. ahead of its acquisition by Best Buy Co. in late 2000, according to a civil fraud suit filed by the U.S. Securities and Exchange Commission on Thursday.

Regulators also accused Alfred Teo Sr. of giving illegal tips about the acquisition to 10 relatives, friends and business associates, among them his sister-in-law and even the Wisconsin-based builder of his 110-foot yacht.

Teo denies the allegations and intends to fight them, his ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!