Reuters: Regulatory News: SEC charges research firm owner with insider trading

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SEC charges research firm owner with insider trading Jun 26th 2012, 21:41 WASHINGTON, June 26 | Tue Jun 26, 2012 5:41pm EDT WASHINGTON, June 26 (Reuters) - U.S. securities regulators charged the owner of a California-based equity research firm on Tuesday with insider trading, marking the latest case involving an ongoing probe into so-called "expert networks." The Securities and Exchange Commission alleges that Tai Nguyen, the owner of Insight Research, traded in stocks of Abaxis Inc based on inside information he received from a close relative employed there. U.S. law enforcement authorities arrested Nguyen earlier on Tuesday in a related criminal matter.

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