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SEC charges ex-Heartland Payment CEO with insider trading

Reuters 

By Jonathan Stempel(Reuters) - The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc with insider trading for tipping off his longtime romantic partner about the payment processor's $4.3 billion takeover by Global Payments Inc.Robert Carr, 73, who was also Heartland's founder, was accused of repeatedly discussing the late-2015 merger talks with Katherine Hanratty, whose relationship with him had begun in 2011. He was also accused of having given her a $1 million check, with instructions to open a brokerage account and buy ...

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First Published: Tue, July 10 2018. 22:26 IST
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