Inside Trading

SAN DIEGO – Michael J. Fefferman, a tech director at (nonparty) Ardea Biosciences, tipped a broker to inside information in a $530,000 inside-trading scheme, the SEC claims in Federal Court; click headline for defendants.
     The SEC sued Fefferman; his brother-in-law Chad E. Wiegand, who is the registered broker-dealer he allegedly tipped; and Akis Eracleous, another registered rep at Wiegand’s firm, who allegedly tipped his cousin, a relief defendant.

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