Article: SEC Charges Wall Street Lawyers and Traders in $20 Million Insider Trading Scheme.

M2 PRESSWIRE-6 November 2009-US SEC: SEC Charges Wall Street Lawyers and Traders in $20 Million Insider Trading Scheme(C)1994-2009 M2 COMMUNICATIONS

RDATE:05112009

Washington, D.C., -- The Securities and Exchange Commission today charged a pair of lawyers for tipping inside information in exchange for kickbacks as well as six Wall Street traders and a proprietary trading firm involved in a $20 million insider trading scheme.

The SEC alleges that Arthur J. Cutillo, an attorney in the New York office of international law firm Ropes & Gray LLP, had access to confidential information about at least four major proposed corporate transactions in ...

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