Ex-Nixon Peabody Associate Settles SEC Insider-Trading Complaint
A onetime associate of Nixon Peabody has settled an insider-trading complaint brought by the Securities and Exchange Commission without admitting or denying the allegations made against her.
Melissa Mahler will be required to repay $5,800 in trading profits, as well as interest and a penalty, for a total amount due of $13,792, and she must also agree not to participate in similar conduct in the future, reports the Blog of Legal Times.
A judgment in District of Columbia case was entered yesterday by U.S. District Judge Paul Friedman.
An associate in the Nixon firm’s Rochester, N.Y., office at the time she was accused of using client merger information to make the 2004 stock purchase at issue in the case, Mahler resigned in 2005 to go into solo practice.
She is represented by attorney Jamie Gardner of Patton Boggs, who declined the BLT’s request for comment.
Earlier coverage:
ABAJournal.com: “Nixon Peabody Lawyer Used Client Stock Info to Net $5,800, SEC Says in Suit”
