[ by Melanie Gretchen

CIBC World Markets managing director and investment banker,  Richard Moore, is accused by the SEC of insider trading, apparently arising during the period, from January 2010 through October 2010 when Mr. Moore was employed in those capacities.  Mr. Moore apparently used the information he gathered to r=trade in shares of Tomkins plc on or about 6/28/10.  

For further details on the case, continue reading the SEC Release, with links available at the conclusion.

SECURITIES EXCHANGE ACT OF 1934 Release No. 69466 / April 26, 2013
ADMINISTRATIVE PROCEEDING File No. 3-15307
In the Matter of RICHARD BRUCE MOORE, Respondent.

In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the “Offer”) which the Commission has determined to accept.

Moore was, from at least January 2010 through October 2010, a managing director and investment banker at CIBC World Markets, Ltd., the Toronto, Canada-based investment bank subsidiary of Canadian Imperial Bank of Commerce (“CIBC”). During this time, CIBC also had a New York-based investment bank subsidiary, CIBC World Markets Corp., which was registered with the Commission as a broker-dealer. Through CIBC, Moore was under common control with the registered broker-dealer, and thus was a person associated with it.

On April 23, 2013, a final judgment was entered by consent against Moore, permanently enjoining him from future violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, in the civil action entitled Securities and Exchange Commission v. Richard Bruce Moore, No. 13 CIV 2514 (HB), in the United States District Court for the Southern District of New York.

The Commission’s complaint in that action alleged that on June 28, 2010, Moore knowingly or recklessly misappropriated from his employer information that a CIBC client was working on a potential acquisition of Tomkins plc, a United Kingdom engineering and manufacturing firm, by purchasing for his personal benefit 51,350 Tomkins American Depositary Receipts, which traded on the New York Stock Exchange.

SANCTION:   barred from association with any broker, dealer, investment adviser, municipal securities dealer, or transfer agent;

To access the case release, go to;    [ SEC '34 Act Release 69466, 4/26/13 ].