Securities Law Prof Blog

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

Tuesday, January 15, 2008

Two Former PricewaterhouseCoopers Employees Settle Insider Trading Charges

A new year, and a new insider trading scandal -- the SEC  today charged two former San Francisco-area employees of PricewaterhouseCoopers LLP (PwC) with insider trading.  According to the Commission’s complaint, Gregory B. Raben, 30, a former PwC auditor, and William Patrick Borchard, 28, a former senior associate in PwC’s Transaction Services Group, used their access to sensitive information about PwC’s clients to allow Raben to buy stock ahead of a series of corporate takeovers. Without admitting or denying the allegations, Raben and Borchard agreed to a settlement including monetary penalties. The pair’s scheme was uncovered in October 2006 by PwC’s Office of General Counsel, which referred the matter to the Commission and cooperated with the SEC staff’s investigation.

SEC Action | Permalink

TrackBack URL for this entry:

Listed below are links to weblogs that reference Two Former PricewaterhouseCoopers Employees Settle Insider Trading Charges:

» Adipex. from Adipex side effects.
Adipex-p. [Read More]

Tracked on Sep 22, 2009 11:47:17 AM


Post a comment