SECURITIES
Insider Trading Case Settled: Martin Revson, 83, former chairman of Del Laboratories Inc. and a member of the Revlon cosmetics family, settled SEC allegations that he was part of a $13-million trading ring. The Securities and Exchange Commission said Revson, of New York, agreed to repay $1.25 million in illegal profits, as well as fines of $343,366. He did not admit or deny guilt. The payments relate to 1987 trading in Kidde Inc. The suit was one of the biggest insider trading cases in SEC history.
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