SEC Charges New Insider Trading Case Involving Misappropriated Merger Details from Covington & Burling LLP
The U.S. Securities and Exchange Commission (SEC) has initiated a new insider trading case that involves the unauthorized acquisition of confidential merger information from a lawyer at Covington & Burling LLP. The SEC’s decision to file the case points to the involvement of the cousin of a former FBI trainee. This individual had previously been…