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Author: mrseabreeze Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 129  
Subject: Insider Trading: 20 cents to $12 Date: 8/7/2005 10:11 PM
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Sonya, if the accusations are correct, did not try and conceal her eagerness to be a key trader in Reebok options. :)

SEC Sues Woman For Insider Trading In Reebok

DOW JONES NEWSWIRES
August 5, 2005 4:54 p.m.
http://online.wsj.com/article/0,,BT_CO_20050805_006749,00.html

WASHINGTON -- The Securities and Exchange Commission on Friday won a court order freezing the brokerage account of a Croatian woman who was simultaneously charged with using inside information to profit from news about an acquisition of Reebok International Inc. (RBK).

Sonja Anticevic, 63 years old, was accused of making more than $2 million by buying call options earlier this week for Reebok shares, before company stock surged 30% Wednesday on news that it had agreed to be acquired by Adidas-Salomon AG (ADS.XE).

...On Monday and Tuesday, some 8,675 Reebok options, mostly calls, changed hands across U.S. options markets. The Monday trading alone was more than 20 times the average 170 contracts...

According to the SEC complaint, the entire position held in Anticevic's account was liquidated on Wednesday. The same day, her brokerage firm, Charles Schwab Corp.'s (SCH) CyberTrader, received a request to wire $870,000 of the proceeds from her account to a bank account in Salzburg, Austria...

...her trading accounted for 38% of all call options traded on Monday and Tuesday...

...On Monday, when Reebok's shares closed at $42.76, the company's August 45 call options were trading for 20 cents apiece...As for the calls, they were valued Thursday morning at $12 apiece."



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