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Securities,
Civil Litigation,
Banking,
Administrative/Regulatory

Aug. 8, 2018

Bank director’s son settles with SEC after insider buy

The Securities and Exchange Commission announced a settlement Tuesday with a California bank board member’s son, who was accused of buying stock in the bank after learning from his father it was being acquired.

The Securities and Exchange Commission announced a settlement Tuesday with a California bank board member’s son, who was accused of buying stock in the bank after learning from his father it was being acquired.

Aaron R. Smith, a San Francisco resident who is represented by William H. Kimball from Kane & Kimball LLP in Berkeley, is the son of a director at Visalia-based Valley Commerce Bancorp. He was accused of buying $97,000 w...

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