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 ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.