Saleh to Forfeit Gains From Insider Trading

WSJ – Reza Saleh, an employee of H. Ross Perot’s investment firm who was charged with insider trading, agreed to forfeit $8.6 million in profits to settle with securities regulators.

The Securities and Exchange Commission charged Mr. Saleh in September with civil securities fraud for buying options in Perot Systems Corp. stock after learning about Dell Inc.’s planned takeover. When the deal was announced, Mr. Saleh, a longtime friend and employee of Mr. Perot, made $8.6 million in profits.

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