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Litigation

Oct. 27, 2011

SEC drops charges against former Deloitte Tax partner

The Securities and Exchange Commission dismissed its insider trading claims against a former Deloitte Tax LLP partner Tuesday.

By Jill Redhage
Daily Journal Staff Writer

The Securities and Exchange Commission dismissed its insider trading claims against a former Deloitte Tax LLP partner Tuesday, two months after his wife agreed to pay a $1 million civil fine to resolve allegations that she tipped off relatives to confidential deals involving Deloitte's clients.

The SEC had accused the couple, Annabel and Arnold A. McClellan, of providing advance notice of at least seven confidential deals to...

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