A Wells Fargo & Co. (WFC) investment banker was at the
center of a 10-person insider-trading ring that took in $11 million in profits
from tips on pending mergers, U.S. regulators told Bloomberg.
John W. Femenia from March 2010 to July 2012 passed his
friends confidential information about four deals involving Wells Fargo
clients, the Securities and Exchange Commission said today in a complaint filed
at U.S. District Court in North Carolina. The SEC sued nine others for taking
part in the ring…..
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