The Securities and Exchange Commission (SEC) has charged lawyer, Brien. P. Santarlas for disclosing non-public information about a proposed corporate acquisition relating to one of the firm's clients in exchange for kickbacks. Robert Khuzami, director of the SEC's enforcement division, stated that "Gatekeepers serve a critical role advising participants in the capital markets. When lawyers who have access to non-public information betray client confidences, it both tarnishes the profession and undermines investor faith in the marketplace."
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SEC charges attorney in insider trading scheme
- Herbert Smith Freehills LLP
- Peter Burrell, Graham More, Stephen Flaherty, Nichola Peters, Susannah Cogman and Daniel Hudson
- January 6 2010
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