Business Week Magazine

The Securities and Exchange Commission on Tuesday filed civil insider trading charges against a former Orange County stockbroker and an ex-employee of a Torrance printing plant in the wake of the 1988 Business Week magazine insider trading scandal. In the fifth insider trading lawsuit to result from the scandal, the SEC sued Brian J. Callahan, formerly a broker in the Anaheim office of Prudential-Bache Securities, and William N.

The Securities and Exchange Commission on Tuesday filed civil insider trading charges against a former Orange County stockbroker and an ex-employee of a Torrance printing plant in the wake of the 1988 Business Week magazine insider trading scandal. In the fifth insider trading lawsuit to result from the scandal, the SEC sued Brian J. Callahan, formerly a broker in the Anaheim office of Prudential-Bache Securities, and William N.

A former salesman for the company that prints Business Week magazine formally entered a guilty plea Thursday to conspiring to trade on advance information about stocks mentioned in the magazine's influential "Inside Wall Street" column. As reported, Shayne Walters, 32, of Laguna Hills, agreed in August to plead guilty to charges in the Business Week case. He also pleaded guilty to perjury for lying under oath to an investigator of the Securities and Exchange Commission.

A 32-year-old Laguna Hills salesman has agreed to plead guilty to counts of conspiracy and perjury and pay $62,066 to settle charges that he illegally profited from stock information gleaned from advance copies of Business Week magazine. Shayne A. Walters, a former salesman at the Irvine office of R. R. Donnelley & Sons, a major printing firm, has signed an agreement with the Securities and Exchange Commission to settle civil charges against him, SEC officials said Thursday. The U.S.

The Securities and Exchange Commission filed civil insider trading charges Tuesday against a former Merrill Lynch & Co. broker, his mother and three acquaintances in connection with the previously disclosed leak of advance copies of Business Week magazine. The broker, William J. Dillon of Old Lyme, Conn., has already pleaded guilty to two criminal counts of wire fraud in the incident and was sentenced to six months in jail.

Ruderman Settles With SEC: Former Business Week radio broadcaster Seymour G. (Rudy) Ruderman has agreed to pay the Securities and Exchange Commission more than $41,000 to settle a civil suit stemming from his use of non-public information to make investments, the commission said. Ruderman, 62, pleaded guilty last year to two counts of mail fraud after he was fired by Business Week for trading on information learned from prepublication copies of the magazine's "Inside Wall Street" column.

Giancarlo Parretti, chief executive of Los Angeles movie producer Cannon Group, late Monday denounced a Business Week article about him and an associate as "irresponsible" and "riddled with false statements and damaging innuendoes." In a Cannon news release issued Monday, Parretti said the article made "untrue and baseless accusations of money laundering," against him and Cannon Chairman Florio Fiorini.

Hollywood's newest financial wheeler-dealer, Italian Giancarlo Parretti, declined to comment Friday on a Business Week report of allegations that his "network of private foreign holding companies hide sophisticated money-laundering operations." However, the article said Parretti and his partner, Florio Fiorini, have denied the accusation, which was attributed to unnamed former partners of the two men. Last April, the pair took control of Cannon Group, a publicly traded Los Angeles film producer.