The SEC and DOJ are both bringing charges against former NASDAQ managing director Donald L. Johnson for allegedly obtaining $750,000 in illicit trading over the past three years using early access to privileged client information. “He often placed the illegal trades directly from his work computer through an online brokerage account in his wife’s name.” None of these insider-trading investigations are gonna make up for the financial crisis, but, hey, at least everyone is going to get a lot better at hiding their tracks. I mean the E*TRADE account should be set up in the mistress’s name at the very least. [SEC]
