Ex-Nasdaq Managing Director Johnson Admits to Insider Trading
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Former Nasdaq Stock Market Managing Director Donald Johnson pleaded guilty to using information gleaned from his position with the exchange to engage in insider trading, the U.S. Justice Department said.
Johnson, 56, pleaded guilty to one count of securities fraud, according to papers filed in federal court in Alexandria, Virginia. He admitted he bought and sold shares of five Nasdaq-listed companies based on inside information from 2006 to 2009.