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WASHINGTON — Federal regulators Tuesday charged a former partner at Deloitte & Touche LLP and his wife with illegal insider trading, accusing the couple of providing confidential information on company acquisitions to relatives overseas.
The Securities and Exchange Commission announced the civil charges against Arnold McClellan and his wife, Annabel, who live in San Francisco. The SEC alleged in a lawsuit that the McClellans gave advance notice of at least seven acquisitions planned by the accounting firm’s clients to Annabel’s sister and brother-in-law in London.
