Thacher Proffitt & Wood has terminated an associate who agreed to pay $42,000 in civil penalties after the Securities and Exchange Commission accused him of insider trading.
The SEC alleged that the attorney, Young Kim, a graduate of Cornell Law School who joined the firm in 1998, received information from another firm associate, Amir Rosenthal, who pleaded guilty last week to insider trading and faces five years in prison.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
For questions call 1-877-256-2472 or contact us at [email protected]