INTERNATIONAL US: Insider trading charge for Comsys CEO friend over Manpower acquisition

A friend of the chief executive of IT recruiter Comsys IT Partner has been charged by US regulator the Securities and Exchange Commission (SEC) having allegedly made around $511k (£326k) of illicit provides when Comsys was acquired by Manpower.

Mon, 30 Jul 2012
A friend of the chief executive of IT recruiter Comsys IT Partner has been charged by US regulator the Securities and Exchange Commission (SEC) having allegedly made around $511k (£326k) of illicit provides when Comsys was acquired by Manpower.

The SEC has announced Ladislav ‘Larry’ Schvacho as the alleged illegal trader, who purchased around 72,000 shares of Comsys in the weeks before a public announcement of Manpower’s acquisition on 2 February 2010.He is alleged to have received non-public information from his friend, Comsys chief executive Larry L Enterline, who had known each other since the 1970s.

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