Former Cox Enterprises Chairman/CEO Settles Insider Trading Charges
April 17, 2006 at 6:02 AM (PT)
The former Chairman/CEO of COX RADIO parent COX ENTERPRISES, GARNER ANTHONY, has agreed to pay the SEC $118,000 to settle charges of insider trading, reports the company's own ATLANTA JOURNAL-CONSTITUTION.
ANTHONY was charged in an SEC complaint with buying 10,000 additional shares of the company's COX COMMUNICATIONS cable subsidiary after learning in 2004 from an officer/director of COX ENTERPRISES that the parent company was considering a tender offer to buy the remaining outstanding shares of the cable company.
ANTHONY, the husband of company matriarch BARBARA COX ANTHONY, did not admit or deny wrongdoing in the settlement and is paying back $50,900 in gains and an equal amount in penalties.