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Apache Corp. engineer to pay $435,000 to settles SEC insider trading case related to trades prior to oil find announcement

( November 1, 2017, 20:04 GMT | Official Statement) -- MLex Summary: A petroleum engineer who worked at Texas-based energy company Apache Corporation has agreed to settle Securities and Exchange Commission charges that he conducted insider trading ahead of a market-moving announcement about the company’s discovery of a significant new oil source. Lollar agreed to pay disgorgement of $214,295.07 plus $7,219.36 in interest and a $214,295.07 penalty for a total of $435,809.50.  Lollar agreed to the settlement without admitting or denying the allegations, and the settlement is subject to court approval.Statement follows below:...

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