Banking, finance, and taxes
Angelo Mozilo Charged With Insider Trading (BAC)
Published:
Last Updated:
CNBC’s David Faber just reported that the SEC will be charging former Countrywide CEO Angelo Mozilo with insider trading and disclosure violations for stock sales from 2006 and beyond. Interestingly enough, Faber noted that criminal charges will NOT accompany the charges. Former executives Sambol and Sieracki are also to be charged with failure to disclose material information. We’ll follow up after more information is made available. So far, there has been no impact at all in Bank of America Corporation (NYSE: BAC) as shares are still up 4.5% at $11.72 on the day.
As far as the fate of any personal tanning machines, no word was given.
Jon C. Ogg
June 4, 2009
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
