Two California Doctors To Pay $100K To Settle Allegations of Insider Trading
On Monday, the Securities and Exchange Commission announced that two Southern California doctors have agreed to pay more than $100,000 to settle allegations of insider trading involving a prostate cancer drug they were testing. The SEC said the doctors, who were accused of selling off stock in the drug's developer, acknowledged no wrongdoing in the settlement.
- "Docs Settle Insider Trading Claims for $100,000" (AP/San Francisco Chronicle, 5/19).