
MASSDEVICE ON CALL — The SEC charged former Orioles baseball player Doug DeCinces alongside three others with insider trading ahead of an Abbott (NYSE:ABT) acquisition, raking in $1.7 million in illegal profits.
DeCinces agreed to pay $2.5 million to settle the charges that he began purchasing shares of Advanced Medical Optics on information from someone inside the company and tipped three others who also traded on the confidential information.