August 11, 1988 |
Printer R. R. Donnelley & Sons has fired three more production workers that it believes helped leak advance copies of an influential Business Week column to a stockbroker, a company official said Wednesday. The firings late last week of three workers at Donnelley's Old Saybrook, Conn., plant brought to seven the number of Donnelley employees who have either been fired or resigned in connection with the company's investigation.
August 5, 1988 |
An Orange County investor with accounts in at least three brokerages is being investigated for suspicious trades in stocks touted in Business Week, further expanding the breadth of the inside trading scandal surrounding the magazine. Stephen Rasinski, a Corona Del Mar resident with a business in Tustin called Bretna Enterprises, often bought stocks touted in Business Week on Thursdays, one day before the magazine hits newsstands, sources familiar with the investigations said.
January 27, 1985 |
The city of Ventura is giving neighboring Oxnard a "gift" of about $2 million, the county Board of Supervisors is adding $17-million, and the Oxnard City Council will use the $19 million to help pay for site improvements at the TOLD Corp's $175-million Channel Islands Business Park being planned on 185 acres. The Ventura council has approved transferring its allocation of industrial revenue bonds to Oxnard because it does not have any projects that could utilize the bonds.
August 12, 1995 |
A nonprofit group's experiment that offered free Internet access to valuable corporate records will end Oct. 1, officials said Friday. The Internet Multicasting Service in Washington said it's unclear whether the government will step in to fund the popular project that distributes corporate filings to the Securities and Exchange Commission and the Patent and Trademark Office. But Rep.
June 7, 1991 |
A Newport Beach investor and a former stockbroker in the city have agreed to pay fines in connection with charges by the Securities and Exchange Commission that they profited from illegal trading on information obtained from advance copies of Business Week magazine. The SEC said Thursday that Stephen R. Rasinski of Newport Beach has agreed that he owes the profit from his trades, $137,044, plus an equal amount in penalties and interest.
April 17, 1991 |
A 35-year-old Orange businessman has been sentenced to three years' probation and fined $25,000 for illegally profiting from advance information about stocks he knew would be mentioned in an upcoming investment column in Business Week magazine. "I'm sorry for what I did. . . . I knew what I did was wrong," Stephen Rasinski told U.S. District Judge Terry J. Hatter Jr. on Monday. Don Buchwald, a New York attorney representing Rasinski, said Tuesday that his client will not appeal.
December 11, 1990 |
An Orange investor pleaded guilty Monday in U.S. District Court in New York to charges of insider trading, admitting that he used information culled from advance copies of Business Week magazine. Stephen R. Rasinski, 35, was accused of having improperly earned at least $115,000 between September, 1986, and July, 1988, by buying stock in companies mentioned in the "Inside Wall Street" column before the magazine was available to the public.
November 6, 2006 |
Investors will be looking to Washington in the coming week not for more of the economic numbers that have weighed so heavily on the markets in recent weeks but to determine whether the winners in Tuesday's midterm elections will pursue an agenda that could affect business interests. Although professional investors are often viewed as politically conservative, Wall Street likes what many voters hate: gridlock.
November 6, 1990 |
A former Newport Beach stockbroker has pleaded guilty in New York federal court to illegal insider trading for using advance information culled from Business Week magazine before it was published, federal authorities said Monday. John L. Petit, 34, a former stockbroker for Smith Barney, Harris Upham & Co. in Newport Beach, admitted that he illegally earned $66,556 using nonpublic information provided by a salesman working at a Torrance printing plant where the magazine was printed.
August 18, 1989 |
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.