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Article: SEC Charges Wall Street Lawyers and Traders in $20 Million Insider Trading Scheme.
- Article from:
- M2 Presswire
- Article date:
- November 6, 2009
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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 ...