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Securities

Aug. 6, 2011

SEC settles insider-trading case

The Securities and Exchange Commission settled insider-trading charges with a former major league baseball player and three associates, who allegedly reaped more than $1.7 million by trading ahead of a biotech merger.


By Gabe Friedman


Daily Journal Staff Writer


The Securities and Exchange Commission settled insider-trading charges on Thursday with a former major league baseball player and three associates, who allegedly reaped more than $1.7 million in illegal profits on stock trading ahead of a biotech merger.


Former Los Angeles Angels of Anaheim player Doug DeCinces agreed to pay $2.5 million in fines and penalties for trades he made around Abbott Laborat...

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