SEC charges corporate lawyer and Wall Street trader with insider dealing

Robert Khuzami at the US SEC
Robert Khuzami, director of the US SEC's division of enforcement

A corporate lawyer and a Wall Street trader have been charged with insider trading by the US Securities and Exchange Commission (SEC). Matthew Kluger and Garrett Bauer are accused of sharing inside information in advance of at least 11 mergers and acquisitions. The SEC alleges the pair communicated indirectly through a mutual friend to facilitate the scheme and avoid detection.

Kluger worked for law firm Wilson Sonsini Goodrich & Rosati. According to the SEC's complaint, he accessed confidential

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