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Analyst in BHP-Potash Case Settles Insider-Trading Charges
Apr. 25, 2011 09:15PM PST
Potash InvestingWall Street Journal reported that a financial analyst will pay a $625,000 fine to settle insider trading charges against him.
Wall Street Journal reported that a financial analyst will pay a $625,000 fine to settle insider trading charges against him.
The market news is quoted as saying:
Mr. García allegedly purchased 282 call option contracts for Potash stock in the days leading up to the public announcement, and immediately sold all of his options following the announcement, for a profit of $576,033, the SEC said.
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