• 03 Aug 2011 at 5:09 PM

If You’re Going To Insider Trade, Think About Doing It In A Stock Not So Near To The SEC’s Heart

By Matt Levine

Particularly if you’re Hugh Hefner’s son in law:

William A. Marovitz, who is married to former Playboy Enterprises Inc. Chief Executive Officer Christie Hefner, allegedly made $100,952 on the trades, according to a complaint filed today in federal court in Chicago. Marovitz’s lawyer, Jim Streicker of Chicago, said the case has been settled. …

“Despite instructions from his wife that he should not trade in shares of Playboy and a warning from the general counsel of Playboy about his buying or selling Playboy stock, Marovitz bought and sold shares of Playboy in his own brokerage accounts between 2004 and 2009,” according to the SEC complaint.

Ex-Playboy CEO’s Husband Sued for Insider Trading [Bloomberg]

Comments (7)

  1. 1
    Posted by Guest | August 3, 2011 at 7:13 PM

    Tard

  2. 2
    Posted by juniormistmaker | August 3, 2011 at 7:18 PM

    Wow, subtle.

    I wonder how they ever found him.

  3. 3
    Posted by trojan_ | August 3, 2011 at 7:20 PM

    this sort of thing would never happen at FFN

  4. 4
    Posted by Studman69 | August 3, 2011 at 7:22 PM

    More imprtantly…

    Absolutely, yes, nope, for sure.

  5. 5
    Posted by Studman69 | August 3, 2011 at 7:22 PM

    And I'm saving my "O" for later.

  6. 6
    Posted by LazyLightning | August 3, 2011 at 11:02 PM

    Insider trading in Playboy? Must have been a collar spread.

  7. 7
    Posted by HFguy | August 4, 2011 at 8:52 AM

    You are in the Playboy mansion and you still need money. What for? I recommend shooting this undeserving male.

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