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US: Ex-analyst facing charges for insider M&A trading

 |  October 15, 2014

A former Merck & Co financial analyst is reportedly facing charges of insider trading related to the company’s merger plans.

According to reports, the Securities and Exchange Commission brought charges against Zachary Zwerko on allegations he passed on secrets involving mergers to a friend, who in turn earned $722,000 in illegal profits. His friend is also facing charges.

According to reports, the allegations stem from various takeovers planned by Merck. The charges say the conspiracy began in 2012 and lasted until his arrest last Friday.

Reports say he faces up to five years in prison.

Full content: The Tribune

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