June 25, 2014
Posted January 26, 2016
The SEC announced it has charged two additional brokers with trading on inside information ahead of the $1.2B acquisition of SPSS Inc. in 2009 by IBM Corporation. The SEC alleged that former brokers Benjamin Durant III and Daryl M. Payton illegally traded on a tip about the acquisition from Thomas C. Conradt, a friend and fellow broker in the New York office of a Connecticut-based broker-dealer. SEC
Tagged in: Insider Trading, Market Manipulation and Trading Violations, Securities Fraud,