November 02, 2017 BY Valentina Kirilova

Petroleum engineer settles charges of insider trading ahead of oil discovery announcement

A petroleum engineer who worked at Texas-based energy company Apache Corporation has agreed to settle the U.S. Securities and Exchange Commission (SEC) charges that he conducted insider trading ahead of a market-moving announcement about the company’s discovery of a significant new oil source. The SEC alleges that Christopher J. Lollar traded on nonpublic information while…

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