Steel executives settle insider trading case

Mar 27, 2013 | 08:49 AM |

Tags  Steel Technologies, Securities and Exchange Commission, SEC, insider trading, Mitsui & Co., Michael Carroll, Patrick Carroll, James Carroll William Carroll

CHICAGO — Four steel company executives and two others have agreed to pay nearly $640,000 to settle insider trading allegations, the Securities and Exchange Commission (SEC) said.

The SEC filed a civil action against eight people in 2011, alleging that four Steel Technologies Inc. executives had traded on the basis of nonpublic information about Mitsui & Co. (USA) Inc.’s acquisition of Steel Technologies and that three of them helped others do the same thing (, March 17, 2011). ....

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