SEC charges ex-banker with insider trading in Burger King
Nov 30 (Reuters) - A former Brazilian banker agreed to pay nearly $5.2 million to settle U.S. Securities and Exchange Commission charges of insider trading in Burger King Holdings Inc options before the restaurant chain agreed to a September 2010 buyout.
The SEC said the settlement with the former banker Igor Cornelsen and Bainbridge Group Inc, the firm in which he made his trades, includes a $3.36 million fine, the disgorgement of $1.68 million of illegal profit, and $136,621 of interest. It requires court approval.
- Tweet this
- Share this
- Digg this
- Children's corpses reveal desperate attempts to escape Korean ferry |
- Australia, Malaysia vow to keep searching to solve plane mystery
- Search for MH370 reveals a military vulnerability for China
- Man United act to halt slide as power shifts back to Liverpool
- Ukraine's leaders say have U.S. backing to take on 'aggressors' |