WASHINGTON -- A federal judge in Manhattan has ordered Connecticut broker Martin Byron Sloate to return $161,186 in alleged insider trading profits on BankAmerica Corp. and Shearson Loeb Rhoades stock, the Securities and Exchange Commission said.

Judge Milton Pollack's order stemmed from an SEC civil suit accusing Sloate of buying stock of BankAmerica in 1986 and Shearson in 1981 on the basis of nonpublic information.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.