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Two Charged with Insider Trading of Sirius Stock

Two Charged with Insider Trading of Sirius Stock

The SEC charged an executive vice president of Sirius as well as an outside accountant with insider trading. The two purchased Sirius stock after learning in confidence that Howard Stern received an offer from Sirius and that the parties were negotiating. The two did not admit or deny the allegations but agreed to pay $35,000 and $52,000 in fines respectively.

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