UPDATE 1-SEC charges two with insider trading ahead of Pershing-Herbalife battle
September 30, 2014 at 14:43 PM EDT
WASHINGTON, Sept 30 (Reuters) - U.S. regulators on Tuesday charged two men with insider trading after they learned that hedge fund manager Bill Ackman was planning to announce a $1 billion bet against Herbalife based on a view the company was merely a "pyramid scheme."
