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![]() ![]() “ABC-TV’s medical correspondent is returning more than $50,000 to a health-care Web site after violating insider-trading rules by selling shares too soon after the site went public,” the New York Times reported on August 21, 1999. “Dr. Snyderman’s husband bought 1,650 shares of DrKoop.com, based in Austin, during a June 8 initial public offering for $9 a share and sold it one month later when prices soared to $41.27 a share. That was a violation of Securities and Exchange Commission rules barring corporate officers and directors from profiting from a stock sale within six months of buying shares, said Sue Georgen-Saad, chief financial officer of DrKoop.com.” Full Article Here |