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Whittier Trust Fund Manager Dosti Sued by SEC for Insider Trades

Victor Dosti, a fund manager at Whittier Trust Co., was sued by the U.S. Securities and Exchange Commission, which accused him of trading on illicit information about Dell Inc., Nvidia Corp. and Wind River Systems Inc.

Dosti obtained the inside information from Danny Kuo, his junior colleague at Whittier Trust, the SEC said in a complaint filed today in Manhattan federal court. Kuo pleaded guilty to taking part in the insider-trading scheme and is cooperating with U.S. investigators.

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