Ex-SEC accountant settles charges over illegal trades

A former accountant at the U.S. Securities and Exchange Commission yesterday settled parallel criminal and civil charges.

David Humphrey, 60, was caught illegally trading options and lying about the acts while he was working in the SEC's Division of Corporation Finance.

Humphrey agreed to pay more than $108,000 in penalties and pleaded guilty to filing false ethics forms in order to conceal his trading.

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