Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

October 07, 1987

The Securities and Exchange Commission accused a stockbroker and a distant relative of Waldbaum Inc.'s founder of trading on inside information about the supermarket chain's acquisition by A&P. An SEC civil suit accused Keith Loeb, who is married to the niece of Waldbaum founder Ira Waldbaum, of passing confidential information about the takeover to his broker, who bought Waldbaum securities for both of them at between $24 and $26 a share before the pending $50-per-share tender offer was announced. Loeb, 32, of Seacliff, N.Y., without admitting or denying guilt, settled with the SEC and agreed to give up $45,307 in fines and alleged illegal profit.

Advertisement
Los Angeles Times Articles
|
|
|