The 9 Most Notorious Insider Trading Cases of 2011
The SEC charged former trader Gary Bauer with insider trading in April for taking part in an organized illegal trading ring. The regulator contends that the crime ring made illegal trades ahead of at least 11 merger and acquisition announcements between April 2006 and March 2011. The M&A deals were by clients of the law firm Wilson Sonsini Goodrich & Rosati. The SEC alleges that Matthew Kluger - a former attorney at the firm - linked up with Bauer through a middleman to facilitate the plot, which allegedly netted them $32 million in illicit profits.