Wednesday, May 30, 2007

Barclays settles insider trading charges

(Reuters) - In court documents filed in New York, the SEC alleged that Barclays and Steven Landzberg, the former head proprietary trader for Barclays' U.S. distressed debt desk, illegally traded millions of dollars of bond securities between March 2002 and September 2003, based on material, nonpublic information received through bankruptcy creditor committees.




Barclays and Landzberg agreed to the settlements without admitting or denying the allegations, the SEC said.


Read more at Reuters.com Government Filings News

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