SECURITIES

Four Settle Insider Trading Action: The Securities and Exchange Commission said it won $38,561 in disgorged profits and $85,155 in penalties from four individuals who the agency said illegally bought securities of two companies just before they were taken over. The case involved shares of Wavefront Technologies of Santa Barbara and options of Alias Research of Toronto. The SEC alleged that the individuals were tipped off about the pending acquisition of the two firms by Silicon Graphics earlier this year. Joseph J. Evans, David B. Evans, Gil M. Breakman and Stephen A. Solomon settled the case without admitting or denying guilt.