SEC Wins Jury Trial Against Broker Charged With Insider Trading
August 14, 2019
August 14, 2019
WASHINGTON, Aug. 14 -- The Securities and Exchange Commission issued the following news release:
Today, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr. liable for insider trading in advance of three merger and acquisition transactions.
The SEC's evidence at trial showed that Pirrello received highly confidential nonpublic information about the impending acquisitions of Radiant Systems Inc., Midas Inco . . .
Today, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr. liable for insider trading in advance of three merger and acquisition transactions.
The SEC's evidence at trial showed that Pirrello received highly confidential nonpublic information about the impending acquisitions of Radiant Systems Inc., Midas Inco . . .