Ex-US congressman among 9 charged in insider trading cases

NEW YORK (AP) — In one of the most significant attacks by law enforcement on insider trading in a decade, nine people have been charged in four separate and unrelated insider trading schemes They include a former U.S. congressman from Indiana, technology company executives, an investment banker, and a man training to be an FBI agent. The charges were announced Monday in Manhattan. One indictment identified Stephen Buyer as someone who misappropriated secrets he learned as a consultant to make about $350,000 illegally. Buyer was a Republican congressman from 1993 through 2011. He was arrested Monday in Indiana. His lawyer said he is innocent and his stock trades were lawful.