The Securities and Exchange Commission has accused two registered reps from Ameriprise Financial Services and three other advisors of engaging in insider trading using information one of the reps obtained from a longtime friend in an Alcoholics Anonymous program in Pennsylvania.

“It’s very troubling conduct,” said Elaine C. Greenberg, associate director of the SEC’s Philadelphia Regional Office, who oversaw the investigation, “especially by a registered rep who clearly was aware of insider trading laws.”

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