Politics & Government
South Pas Company Charged with Insider Trading
Whittier Trust Co. and its former fund manager agree to pay nearly $1.68 million in a civil settlement with the Securities and Exchange Commission.
A South Pasadena-based asset management company and its former fund manager, Victor Dosti, were charged Friday with insider trading by the U.S. Securities and Exchange Commission, according to Nasdaq.com.
The SEC accused Dosti, of San Marino, and Whittier Trust Co. of participating in an insider trading scheme involving Dell Inc., Nvidia Corp. and Wind River Systems, according to the report.
Whitter Trust, which is located at 1600 Huntington Dr. in South Pasadena, and Dosti agreed to pay nearly $1.68 million to settle the civil charges, although they do not admit wrongdoing, according to Rueters.com.
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