Last week, the SEC announced a settlement in its insider trading case against Timothy J. McGee, the final resolution of a multi-defendant case that flowed from the most unusual of betrayals. The SEC alleged that McGee, a former registered representative at Ameriprise Financial Services, Inc., learned of and profited from inside information about an upcoming merger “from a senior executive who was confiding in him through their relationship at Alcoholics Anonymous about pressures he was confronting at work.”
