SEC Nails Two Inside Traders

     WASHINGTON – Two former PricewaterhouseCoopers employees will pay penalties for inside trading. The SEC says Gregory B. Raben, 30, an auditor, and William Patrick Borchard, 28, a senior associate, used inside information on PwC clients to trade ahead of corporate takeovers. Raben will disgorge $24,000 in profits and pay that much in fines. Borchard, now a CPA in Chicago, will disgorge $21,000 and can’t appear before the SEC as an accountant for three whole years. See complaint.

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