"Wells Fargo Advisors LLC has agreed to pay a $5 million penalty to settle Securities and Exchange Commission charges that a former broker engaged in insider trading of Burger King Worldwide Inc. stock before the company's 2010 buyout, the SEC said Monday.
The SEC said it charged the broker-dealer on Monday with failing to maintain adequate controls to prevent an employee from insider trading. The SEC also charged the firm with delaying its production of documents and providing an altered internal document. According to the SEC, Wells Fargo admitted wrongdoing..."
http://www.stocknomics.co/site.php?url=http://online.wsj.com/articles/wells-fargo-advisors-settles-burger-king-insider-trading-charges-with-sec-1411417181
No comments:
Post a Comment