Ex-N.Y. Lawyer to Pay $250K to Settle Charges Over Role in Wall St. Insider Scam

Feb. 14, 2011, 5:00 AM UTC

Eric Holzer, a former New York law firm associate, agreed Feb. 9 in the U.S. District Court for the Southern District of New York, to pay a total of $250,246.04 to settle Securities and Exchange Commission charges over his alleged role in a widespread $5 million insider trading scheme involving Wall Street professionals (SEC v. Devlin).

In an order signed by Judge John G. Koeltl, Holzer also agreed without admitting or denying wrongdoing to be barred from future violations.

Inside Tips.

Holzer was one of seven individuals, including a former Lehman Brothers Inc. registered representative, to be charged ...

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