SEC Charges Denver-Area Hedge Fund Manager in Expansion of Mariner Energy Insider Trading Case
The Securities and Exchange Commission has officially charged the Denver-based traders who traded on confidential information in the securities of Mariner Energy Inc. ahead of the oil and gas company’s $3.9 billion takeover by Apache Corporation in April 2010. In its initial complaint filed on Aug. 5, 2011, the SEC alleged that Mariner Energy board member H. Clayton Peterson tipped his son with confidential details about Mariner Energy’s upcoming acquisition.Viewing the remainder of this article requires a Subscription
Leave a Response
You must be logged in to post a comment.