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Securities

May 2, 2009

SEC Charges Eight With Insider Trading

A former Citigroup Inc. investment banker and seven others have been charged with insider trading yielding more than $6 million in illegal profits, the Securities and Exchange Commission announced Thursday.

By Rebecca Beyer
Daily Journal Staff Writer

SAN FRANCISCO - The Securities and Exchange Commission announced Thursday it had charged a Bay Area-based former Citigroup Inc. investment banker and seven others with insider trading yielding more than $6 million in illegal profits.

Also on Thursday, the Northern District of California's U.S. Attorney's office unsealed a criminal indictment charging three of the individuals included in the SEC action wi...

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