The former chief executive of Heartland Payment Systems Inc agreed to pay a $250,628 civil fine to settle U.S. insider trading charges that he tipped his longtime romantic partner about the payment processor’s $4.3 billion takeover by Global Payments Inc.
Robert Carr, who founded Heartland, did not admit or deny wrongdoing in agreeing to the settlement with the U.S. Securities and Exchange Commission, which was filed this week with the federal court in New Haven, Connecticut.
‘Enforcement 40’ for 2020
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