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Securities

October 18, 1995| Times Staff and Wire Reports

Secretary Settles Hilton Insider Trading Charges: Susan F. Keary agreed to pay a $10,000 fine to settle charges that she passed along non-public information regarding Hilton Hotel's plans to sell all or part of the Beverly Hills-based company. The Securities and Exchange Commission claims that Keary, a secretary for Hilton outside director Benjamin Lambert, obtained the information from Lambert, then passed it along to two British men who made several hundred thousand dollars in profits after trading on the tip. Keary, who works in New York at Lambert's real estate investment firm, admitted no wrongdoing. One of the men has also settled with the SEC and the other still faces charges. No charges were filed against Lambert.

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