SEC Obtains $2.1 Million Emergency Asset Freeze and Charges Rome Resident Within Days of His Alleged Insider Trading
The Securities and Exchange Commission has charged an Italian machinery engineer with insider trading and obtained an emergency asset freeze of the more than $2.1 million illicit profit that he made only days ago from highly suspicious trading in his U.S. brokerage account in the securities of DRS Technologies, Inc., prior to the public disclosure of advanced merger negotiations.
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