SEC Files Insider Trading Charges: Christian Norgren,...
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SEC Files Insider Trading Charges: Christian Norgren, a former director of ABB Asea Brown Boveri Ltd. was charged by the SEC with making $2.6 million through illegal trading on inside information about the Swedish-Swiss company’s acquisition of Stamford, Conn.-based Combustion Engineering. In a related case, Howard P. Marguleas, a Rancho Mirage, Calif. agri-businessman settled SEC charges that he aided Norgren’s alleged illegal trading. Marguleas settled--without admitting or denying wrongdoing--a separate civil complaint that he bought 200 call option contracts for Norgren in November, 1989.
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