A former Deloitte tax professional has agreed to pay approximately $144,000 to settle insider trading charges with the Securities and Exchange Commission.
The SEC filed settled insider trading charges against four individuals, including John A. Foley, who served as an employee benefits specialist at Deloitte between July 2005 and May 2007. The others who settled the SEC charges were Aaron M. Grassian, Timothy L. Vernier, and Bradley S. Hale. They were accused of participating in insider trading in the securities of four public companies — Crocs, Inc., YRC Worldwide, Inc., Spectralink Corporation and SigmaTel, Inc. — over a 22-month period, yielding illegal profits totaling $210,580.62.
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