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.
Categories / Uncategorized
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.