SEC Settles ISE Insider Trading Case

The SEC has settled its insider trading case against financial consultant Mark Larson, a partner of Marshall Tucker & Associates LLC in New York.  The SEC alleged that Larson traded on nonpublic information prior to the 2007 takeover of International Securities Exchange Holdings Inc.

The SEC alleged that Larson learned of the takeover from his colleague, John Marshall, who was ISE vice chairman.  As previously discussed here, Marshall pleaded guilty and, in December 2008, was sentenced to 18 months in prison for leaking the confidential information.

Read the Reuters article.