SECURITIES

Gabelli Settles Insider Trading Case: Gabelli & Co. Inc., a prominent and active Wall Street investment firm, and its investment adviser affiliate, Gamco Investors Inc., also agreed in the $100,000 settlement with the Securities and Exchange Commission to a cease and desist order and appointment of an independent consultant to review the firm’s trading policies. Gabelli, based in Rye, N.Y., did not admit or deny SEC allegations that it failed to prevent misuse of confidential information. The firm described the SEC’s charges as a “technical debate” and said it settled in order to conclude the matter.