SEC Charges Former Carter’s VP for Insider Trading
December 20, 2010 at 12:18 PM EST
The Securities and Exchange Commission on Monday charged a former Executive Vice President of children’s clothing marketer Carter’s Inc. (CRI) for allegedly engaging in financial fraud and insider trading. The SEC said in a press release that Joseph M. Elles’s misconduct caused an understatement of Carter’s expenses and a material overstatement of its net income [...]