SEC staffer near deferred prosecution agreement in stock case

Deferred prosecution agreements are often approved for major corporations but rarely individuals

Deferred prosecution agreements (DPAs) aren’t only for businesses, as U.S. prosecutors have entered into a DPA with a Securities and Exchange Commission (SEC) staffer accused of unlawfully holding stocks and lying about his portfolio in court.

Manhattan U.S. Attorney Preet Bharara’s office announced in a late February court filing that it has reached a potential DPA with SEC staffer Steven Gilchrist pending a probation office investigation. The court filing did not give any indication of the nature of the DPA, other than to request a delay in proceedings.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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