SECURITIES

SEC Says Swiss Lawyer Aided Insider Trading: Federal regulators charged a Swiss lawyer with aiding an insider trading scheme involving the $1.6-billion acquisition of a Connecticut company by ABB Asea Brown Boveri Ltd., the Swedish-Swiss conglomerate. The Securities and Exchange Commission charged in a civil complaint that Kurt Naegeli helped Christian Norgren, a former ABB board member, illegally buy Combustion Engineering securities while Norgren possessed confidential information about the upcoming acquisition. The Nov. 13, 1989, announcement of ABB’s $40-a-share offer for Combustion Engineering sent the Stamford, Conn.-based company’s stock soaring more than $13 per share. Norgren made $2.5 million in illegal profits on the deal, the SEC said. Naegeli said he will fight the charges.