The Securities and Exchange Commission’s insider trading sweep leaped across the Atlantic Ocean, with a former tax partner at Deloitte LLP charged with leaking confidential information on potential mergers to family members in London.
The SEC Tuesday charged Arnold McClellan, a former regional manager at Deloitte Touche Tomatsu in New York and then audit director for Deloitte LLP in San Francisco, with providing “advance notice of at least seven confidential acquisitions planned by Deloitte's clients” to relatives in London.
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