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Lazard, TPG Ensnared In Latest Insider-Trading Case

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Developing: The Securities and Exchange Commission has filed civil charges against four people allegedly involved in a "serial insider-trading scheme." One is a former employee of Lazard Freres, another of Texas Pacific Group.
The ex-Lazard employee, Adnan Zaman, has already settled the charges without admitting or denying any wrongdoing.
SEC Charges Former Employees of Global Firms in Serial Insider Trading Scheme [press release]