Insider trading charges against a former legal department worker at an American International Group Inc. subsidiary shows how careful in-house law departments must be in guarding their confidential information.
The U.S. Securities and Exchange Commission on Thursday said it reached a consent agreement with Jon Aronson, a former senior administrative assistant in the subsidiary’s legal department. Aronson could not be reached for comment Thursday.
The commission alleged that Aronson learned details about AIG’s 2018 merger with Validus Holdings and shared them with his father, Elliet Aronson. Both men, who live in Massachusetts, bought Validus stock.
‘Enforcement 40’ for 2020
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