Bank Chief Needn't Profit To Be Liable For Tips, SEC Says

By Kali Hays ( August 25, 2015, 4:30 PM EDT) -- The U.S. Securities and Exchange Commission on Monday hit back at a former bank director looking to duck insider trading claims, telling a Rhode Island federal court that it doesn't have to show he was compensated for the alleged tips to justify its claims, which the commission said it has proven through his actions leading up to the bank's acquisition....

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