The SEC settled with 4 people, including a former Univision emplo...
The SEC settled with 4 people, including a former Univision employee and Hispanic Bcstg. Corp. dir., in an insider trading case involving the companies’ stock. The SEC had filed a civil fraud suit in U.S. Dist. Court, Dallas, against…
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Stephen White, William White III, Ernest Bieling and Robert Hughes, who used to be a board member of HBC. The SEC charged that the defendants had purchased or advised others to purchase shares of HBC common stock based on material nonpublic information that Univision would acquire HBC in an all-stock transaction. Simultaneously, the SEC accepted offers of settlement from the defendants in which they agreed, without admitting or denying the allegations, to the entry of an order enjoining them from further violations of the securities laws, to collectively pay civil money penalties of $224,078 and to collectively disgorge $218,683 in illegal profits, plus $13,192 in prejudgment interest.