Analyst Named in SEC Insider-Trading Suit
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A former Credit Suisse First Boston financial analyst tipped off a friend to inside information about four mergers on which the firm was working as an advisor, the Securities and Exchange Commission alleged.
The SEC, in a civil fraud lawsuit filed in Chicago federal court, said the analyst, Paul Gianamore, tipped Ryan D. Evans, 24, of Chicago about the mergers between December 1999 and August 2000.
Evans then made $243,667 by buying shares in companies involved with the mergers before they were announced, the lawsuit contended.
The SEC is seeking fines against the defendants.
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