March 11, 1987 |
A London-based executive of Merrill Lynch was charged today with masterminding a massive illegal share-trading scheme on Wall Street. Nahum Vaskevitch, managing director of the mergers and acquisitions department of the brokerage's London office, was charged in a civil complaint filed in federal court by the Securities and Exchange Commission. The SEC charged that Vaskevitch leaked insider, or non-public, information about 12 companies that were involved in mergers or acquisitions.
March 21, 1987 |
Accounts held in the United States by a former executive of the Merrill Lynch investment firm and his Israeli associate do not hold enough money to satisfy a claim by the Securities and Exchange Commission, which last week charged the two with insider trading, an SEC lawyer said Friday. The lawyer also said the defendants had transferred at least $1.
March 12, 1987 |
Federal securities regulators Wednesday charged a top mergers specialist at the Merrill Lynch investment firm and a prominent Israeli businessman with operating a scheme to profit from secret information about Merrill Lynch merger deals. The two men made nearly $4.2 million in illicit profits by trading in stock or options of at least 12 companies from October, 1984, through May 16, 1986, the Securities and Exchange Commission alleged in court papers.