The U.S. Securities and Exchange Commission on Wednesday said it has reached settlements with the last two defendants in an insider trading probe known as the “Golden Goose” case, which had been based on secrets stolen from an executive at a public relations firm. Jamil Bouchareb agreed to pay about $1.05 million and fellow trader Daniel Corbin agreed to pay about $191,000 in disgorged profit plus interest to settle the SEC’s civil cases, after having previously pleaded guilty to related criminal charges. Federal investigators accused the men of making trades based on tips about pending mergers between 2005 and 2008 from Matthew Devlin, a former Lehman Brothers Holdings Inc broker. Investigators said Devlin misappropriated the information by listening to conversations of his wife Nina, an executive at public relations firm Brunswick Group LLC who worked on mergers, and assessing her travel schedule. More on Reuters here.
