The CEO of a Los Angeles public relations firm has been chargedwith insider trading by the Securities and Exchange Commission.
|According to an SEC press release, Renee White Fraser ofFraserCommunications bought 10,000 shares in East-West Bank the dayafter the bank hired her firm to help with public relations work onits planned acquisition of United Commercial Bank. AfterEast-West's shares rose 55% on the news of the acquisition, Frasersold her shares.
|Fraser agreed to pay $91,530.36 to settle the charges.
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