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OTHER NEWS - Nov. 5, 1992

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From Times Staff and Wire Reports

Former Executive Settles Insider-Trading Charge: Ettore Petrini, a former executive at New York-based Computer Associates International Inc., agreed to pay nearly $500,000 to settle civil insider-trading charges, the Securities and Exchange Commission said. Petrini agreed to repay $239,500 in alleged illegal profit and $239,500 as a penalty. The SEC charged that while Petrini was at Computer Associates, he learned from senior officers that the company planned to buy On-Line Software International Inc. and Pansophic Systems Inc. According to the complaint, Petrini bought stock in both On-Line and Pansophic before it became publicly known that Computer Associates was in negotiations to buy the firms. He later sold the stock for a profit.

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