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Inside Trading

Vinayak Gowrish and Adnan Zaman tipped off Pascal Vaghar and Sameer Khoury to inside information on a merger, and the men hade $500,000 on it, and kicked back $70,000 to Gowrish and Zaman, the SEC claims in San Francisco Federal Court. Zaman was a vice president at Lazard Freres, and Gowrish was an associate with TPG Capital, a private equity group.

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