A Securities and Exchange Commission examiner has reached a deferred prosecution agreement with U.S. prosecutors after being charged with three counts of making false statements about his stockholdings, Reuters reports.
Steven Gilchrist, a veteran employee in the SEC’s New York office, allegedly violated the agency’s ethics rules by purchasing stocks in several companies that are directly regulated by the SEC, according to the Wall Street Journal. SEC rules also dictate that employees seek permission from its ethics office before buying any shares.
