The SEC said it charged two employees...

The SEC said it charged two employees of Upjohn Co. with trading on inside information about Canada’s approval of the marketing of Upjohn’s anti-baldness drug, Minoxidil. Named in the complaint were Mario Iseppi, a Swiss citizen living in Brussels and Luigi Campio of Italy. The two agreed to settle the charges without admitting or denying guilt. The complaint alleges that in 1986 the two Upjohn executives obtained inside information concerning Canada’s approval of the marketing of Minoxidil. The SEC said Iseppi had profits of $6,625 and Campio, $4,750. The two agreed to give up their profits and pay a penalty identical to those amounts.