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SEC Prosecutions

SEC Prosecutions

Insider Trading Defendants Permanently Enjoined; Partial Recovery from Relief Defendant

SEC v. Darryl M. Holzman and Christine McKiernan, Defendants, and Ethel Holzman, Relief Defendant

  • 1999
  • $50,000

This case involved alleged insider trading in the securities of Chrysler Corporation. Defendant McKiernan was an executive assistant to a senior officer of Tracinda Corporation, the largest shareholder of Chrysler at the time, and she allegedly tipped the co-defendant, her former husband, and his father that Tracinda was planning to make a tender offer. Illicit profits of approximately $120,000. Defendants were permanently enjoined but monetary sanctions were waived upon their demonstrated inability to pay.

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