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ISE Holdings VP Charged With Inside Trading

WASHINGTON (CN) - The SEC charged the vice chairman of ISE Holdings and two of his business partners with inside trading in advance of the April 30, 2007 announcement of Eurex Frankfurt's $2.8 billion merger with International Securities Exchange Holdings.

ISE vice chairman John Marshall, Alan L. Tucker and Mark R. Larson were all partners in Marshall Tucker & Associates, a New York financial consultancy.

The SEC claims Marshall tipped Tucker and Larson to the impending merger, and they proceeded to make $1.1 million and $31,000, respectively, from trading in ISE securities. Federal prosecutors in New York also have charged the three men, with conspiracy to commit securities fraud.

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