Las Vegas Sun

November 10, 2009

Currently: 73° | Complete forecast | Log in

Deal leads to trading charges

Monday, Aug. 8, 2005 | 9:11 a.m.

NEW YORK -- The investigation by Wall Street's top cop of alleged inside trading involving sneaker icon Reebok, which has already snared one suspect who netted $2 million, is continuing and could result in charges against others.

The Securities and Exchange Commission moved swiftly in response to rumors of unusual trading activity in Reebok options in the two days prior to the Aug. 3 news that German shoemaker Adidas was buying Reebok. The agency on Friday charged a 63-year old Croatian with inside trading, citing "highly profitable and suspicious trades."

The SEC froze Sonja Anticevic's accounts after she allegedly tried to wire part of the profit out of her U.S. brokerage account to an account in Salzburg, Austria. The SEC plans to investigate further.

The complaint alleges that on Aug. 1 and Aug. 2, Anticevic, possessing "material and nonpublic information" on the Adidas purchase of Reebok, spent $130,000 to buy 2,000 options that gave her the right to buy Reebok shares between $45 and $50 by Aug. 19. Many of the trades were placed at the American Stock Exchange.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 10 Tue
  • 11 Wed
  • 12 Thu
  • 13 Fri
  • 14 Sat

All events on Tuesday »