Former CEO fined $1.5 million by SEC for tipping pro baseball players with inside info
The Securities and Exchange Commission settled its insider trading charges against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. who agreed to pay $1.5 million for allegedly tipping information about his company's acquisition to his close personal friend, former professional baseball player Doug DeCinces. The SEC alleged Mazzo provided DeCinces with material, nonpublic information about the potential acquisition of AMO by Abbott Laboratories, Inc. Читать дальше...