The SEC made further insider trading charges.
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The Securities and Exchange Commission charged a former librarian at a Wall Street law firm and eight of his relatives with having made more than $414,000 in trading based on inside information, mostly concerning takeover bids. Named was Samuel Aksler, formerly of Skadden, Arps, Slate, Meagher & Flom. He and the eight relatives were accused of violating anti-fraud and other provisions of securities laws. All contest the charges.
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