US SEC staffer charged with lying about his stock holdings
WASHINGTON Nov 19 (Reuters) - A U.S. Securities and Exchange Commission examiner was criminally charged on Tuesday for making false statements about his stock holdings that were prohibited under SEC ethics rules, U.S. prosecutors said.
Steven Gilchrist, a staffer in the SEC's New York office, was arrested on Tuesday morning and is due to appear in court later Tuesday afternoon, said U.S. Attorney for the Southern District Preet Bharara and SEC Inspector General Carl Hoecker in a joint statement.
According to the criminal complaint, Gilchrist "falsely certified" in an ethics document that he did not hold prohibited stocks in various banks and broker-dealers regulated by the SEC, when in fact he had not divested his ownership.
- Confusion as search for Malaysian jet spreads across SE Asia |
- Malaysia military source says missing jet veered to west |
- Toddler found with heroin at New Jersey daycare center
- Special Report: How China's official bank card is used to smuggle money |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source