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Saturday, apr 27
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Saturday, apr 27
Tag:
Port Washington
News
Ex-Long Island Pharmaceutical Company CFO Admits To Insider Trading
The former chief financial officer of a Long Island pharmaceutical company is facing 20 years in prison after admitting to insider trading. East Northport resident Douglas Roth, the former CFO of Port Washington-based Aceto Corporation, which is based out of Port Washington, pleaded guilty this week to securities fraud for insider trading. Acting U.S. Attorney for the Eastern District of New York Seth DuCharme announced. DuCharme said that Roth obtained material non-public information about Aceto’s financial condition while serving as the company’s CFO, then sold shares of Aceto ahead of a …
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