Alleged Tippee on Aerospace Company’s Sale Settles With SEC

A man who allegedly received and passed along tips about aerospace part maker Kaman Corp.'s sale to a private equity firm has agreed to judgment for the SEC, according to a federal court filing.

Jonathan Whitesides agreed to injunctions prohibiting further violations, with a possible monetary award to the Securities and Exchange Commission to be determined later, Judge P. Kevin Castel said Thursday for the US District Court for the Southern District of New York. Castel entered a similar judgment against co-defendant Daniel McCormick on Sept. 17.

Whitesides learned about the take-private deal from his friend Brent Cranmer, a former ...