The U.S. financial watchdog SEC imposes a record $100 million penalty against banker Ivan Boesky for insider trading

The U.S. financial watchdog SEC imposes a record $100 million penalty against banker Ivan Boesky for insider trading

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A speculator Ivan Boesky agreed to pay a $100 million penalty for illegal insider trading. Half of the sum represents illegal profits, the other half a civil penalty. After an 18-month phase-out period, Boesky was also barred for life from the American securities industry.

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