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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