Attorney Settles SEC Insider Trading Proceedings

May 19, 2014, 4:00 AM UTC

A former Thompson Hine LLP attorney May 13 agreedto pay almost $118,000 to settle Securities and Exchange Commission allegations that he engaged in insider trading based on non-public information concerning a potential business acquisition by his firm’s client (In re Wiest).

Specifically, attorney Christopher D. Wiest agreed without admitting or denying wrongdoing to pay $117,706.97 in disgorgement plus prejudgment interest and civil penalties, and to cease and desist from future violations of 1934 Securities Exchange Act Section 10(b) and Rule 10b-5.

According to the SEC, in 2010, Stanley Black & Decker Inc.—a Connecticut corporation—approached InfoLogix Inc.—a ...

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