Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, December 17, 2007

SEC Charges msystems Director with Insider Trading

The SEC filed a complaint charging Hans Wagner, a resident of Sweden and a director of msystems, a publicly traded Israeli corporation, with insider trading in advance of a merger announcement.  The complaint also states that Wagner voluntarily contacted the SEC staff and offered to disgorge the profits.  There is no explanation why the SEC filed this complaint seeking disgorgement of the profits.

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