SEC Charges Golfing Buddies With Insider Trading

In what is likely the more expensive rounds of golf, the Securities and Exchange Commission (SEC) today charged a group of friends, most of them golfing buddies at a country club, typically a tight knit circle, who made more than $554,000 of illegal profits from trading on inside information gleaned within the sanctuary of the golf course.

SEC tracking down those who seek an unfair advantage trading stocks

“Whether the tips are passed on the golf course, in a bar, or elsewhere, the SEC will continue to track down those who seek an unfair advantage trading stocks,” said Paul G. Levenson, director of the SEC’s Boston Regional Office.  “Working...