According to a report by the New York Times, a 10th former SAC Capital employee, Ronald Dennis, was charged with insider trading, and he settled the civil case, agreeing to a $200,000 fine and a ban from working in the securities industry. The Times said Denniss case focused on information he rece
Ronald Dennis, a former analyst at SACs CR Intrinsic division, has settled Securities and Exchange Commission insider-trading allegations, the agency said yesterday. Dennis will pay more than $200,000 and has agreed to be barred from the securities industry.
Former SAC tech analyst Ronald Dennis agreed Thursday to be barred from the securities industry and pay more than $200,000 in fines to settle a civil charge of insider trading from the SEC. No criminal charges have been filed.