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Home / Law / Trial begins in first SEC insider default-swap case

Trial begins in first SEC insider default-swap case

A Deutsche Bank AG salesman's trial began in U.S. regulators' first case targeting insider trading in credit-default swaps. Jon-Paul Rorech, a bond and credit-default swap salesman at Deutsche Bank Securities, is accused of illegally feeding information on a bond sale to co-defendant Renato Negrin, a former Millennium Partners LP portfolio manager. Negrin bought swaps to reap ...

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