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Three Software Company Founders To Pay $5.8 Million To Settle Charges Of Insider Trading Ahead Of Sale
Article By: Global Economic Intersection
Monday, May 12, 2014 1:48 PM EDT
The Securities and Exchange Commission today filed insider trading charges against three software company founders for taking unfair advantage of incorrect media speculation and analyst reports about the company’s acquisition. They agreed to pay nearly $5.8 million to settle the SEC’s charges.
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