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The Nation

The Securities and Exchange Commission has dismissed complaints against four persons who were accused along with former Deputy Defense Secretary W. Paul Thayer and stockbroker Billy Bob Harris in an insider trading scheme. Thayer and Harris are serving four-year prison terms for obstructing an SEC investigation into the ring. Complaints were dropped against Sandra Ryno, Doyle Sharp, Julie Williams and Julia Rooker after Thayer, Harris and banker Gayle Schroder agreed to repay more than $1 million in illegal stock profits. Nine persons were accused of reaping more than $1.9 million in illegal profits based on tips provided by Thayer.


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