SEC: Investment banker in NC, then NYC passed along inside info on 4 mergers that earned $11M

  • by: EMERY P. DALESIO , Associated Press
  • Updated: December 5, 2012 - 5:50 PM

RALEIGH, N.C. - An investment banker at Wells Fargo Securities and his longtime friend passed along insider tips on pending company mergers to friends or family members in five states that generated more than $11 million in illicit trading profits, federal regulators said Wednesday.

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