The SEC charged former Dewey & LeBoeuf, LLP attorney Todd Leslie Treadway with insider trading in advance of 2 separate tender offer announcements during 2007 and 2008.  Mr. Treadway, while employed in the law firm's New York office, provided advice on, among other things, the employee benefit and executive compensation consequences of M&A's and, thus, had access to material nonpublic information concerning contemplated corporate acquisitions. 

Treadway allegedly used material, non-public information he obtained at Dewey in 2007, and again in 2008, to purchase stock in 2 separate companies prior to the announcement of acquisitions. 

• In June 2007, he bought securities in Accredited Home Lenders Holding Company;
• In May 2008, he bought securities in CNET Networks, Inc.
• All told, he earned illegal profits of $27,000.

The SEC seeks permanent injunctive relief, disgorgement of illicit profits with prejudgment interest, and monetary penalties against Treadway.  The Commission acknowledges FINRA's assistance.   SEC Litigation Rel. 21877, 3/7]