SEC: Board Member Gave Insider Info To Friends Ahead Of Merger

(March 13, 2024, 11:55 AM EDT) -- MILWAUKEE — The Securities and Exchange Commission on March 12 filed in a Wisconsin federal court a complaint alleging that a former board member of an energy company and four of his friends had committed insider trading by using insider information that the company would be going private after an upcoming merger and a motion for entry of consent judgments indicating that each of the five men had agreed to settle the SEC’s claims....