Charges Filed Against Ex-Amkor Exec
WASHINGTON (AP) -- The executive who was responsible for prohibiting insider trading by Amkor Technology Inc. employees has been charged with repeatedly engaging in the practice himself.
The Securities and Exchange Commission on Wednesday accused Amkor's former general counsel, Kevin Heron, of trading in Amkor securities based on inside information about the company's business. Regulators said Heron made about $290,000 in profits, representing both money earned and losses avoided.
Heron was general counsel, chief insider trading compliance officer, and corporate secretary for Amkor. He was fired in September 2005 from the Chandler, Arizona-based technology company. Heron's attorney couldn't immediately be reached for comment.
http://biz.yahoo.com/ap/070418/sec_amkor.html?.v=1
WASHINGTON (AP) -- The executive who was responsible for prohibiting insider trading by Amkor Technology Inc. employees has been charged with repeatedly engaging in the practice himself.
The Securities and Exchange Commission on Wednesday accused Amkor's former general counsel, Kevin Heron, of trading in Amkor securities based on inside information about the company's business. Regulators said Heron made about $290,000 in profits, representing both money earned and losses avoided.
Heron was general counsel, chief insider trading compliance officer, and corporate secretary for Amkor. He was fired in September 2005 from the Chandler, Arizona-based technology company. Heron's attorney couldn't immediately be reached for comment.
http://biz.yahoo.com/ap/070418/sec_amkor.html?.v=1
