A former KPMG US partner accused of insider trading is to pay the US Securities & Exchange Commission (SEC) $125,000 (£102,771) in a final judgment that will also see him banned for life from practising as a listed company accountant or auditor.
Thomas Avent Jr agreed to the final judgment without admitting or denying the SEC’s allegations. He had been accused of passing on highly confidential, non-public information to his stockbroker about three potential acquisitions of publicly-traded companies.
via Ex KPMG partner banned over insider trading | ICAEW Economia.
