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People Who Don't Get It: Investor Relations Execs Who Engage in Insider Trading

Bruce Carton | July 23, 2014

Not too far removed from public company employees who foolishly believe they can get away with insider trading in their own company's stock are investment relations executives who foolishly think they can get away with insider trading stock in the stock of their public company clients. Bad idea!

The latest example from the investment relations world came yeterday when the SEC brought a settled insider trading case against Kevin McGrath, a partner and account executive at investor relations firm Cameron Associates. The SEC alleged that McGrath engaged in insider trading on two occasions and made illicit profits and avoided losses totaling ... wait for it ... $11,776.

Specifically, the SEC alleges that shortly after drafting press releases for public companies regarding...

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