David K Donovan Jr, and David R Hinkle SEC Case Closed

David K. Donovan, Jr. and David R. Hinkle,

Case Closed.
The Commission announced that a federal jury in Boston returned a verdict on November 20, 2009 in favor of the SEC against a former Fidelity Investments trader for insider trading. David K. Donovan, of Massachusetts,

verdict the next day. In rendering its verdict, the jury found that David K  Donovan Jr SEC engaged in insider trading by knowingly giving to his mother material, nonpublic information concerning Covad stock in violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Although the jury found that Donovan tipped his mother to inside information about Covad, it did not find that he tipped co-defendant David Hinkle to inside information, and did not find Hinkle liable for insider trading.

The Honorable Rya W. Zobel of the United States District for the District of Massachusetts presided over the trial. The SEC filed its complaint on April 16, 2008. David K Donovan Jr 8, without admitting or denying the Commission's findings,

Additional links to visit for David K Donovan
http://www.davidkdonovanjr.com
http://sec.gov

http://www.boston.com
http://www.davidkdonovansec.com