SEC Charges Mayor With Inside Trading

     SAN FRANCISCO (CN) – The mayor of Beaufort, S.C., made more than $20,000 from illegal inside trading on shares of Advanced Cell Technology after learning about its new embryonic stem-cell technique while he worked as a consultant, the SEC says in a settled federal complaint. William J. Rauch will disgorge $20,708 and pay $20,708 in penalties.

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