Ameriprise broker facing claims of insider-trading

Bloomberg reports Timothy McGee, an investment advisor for the Minneapolis-based company in Philadelphia, allegedly used confident information received from an Alcoholics Anonymous meeting to profit from a merger in 2008. McGee and eight others made about $1.8 million before Philadelphia Consolidated Holding Corp. announced it would be acquired by Tokio Marine Holding Inc.
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Bloomberg reports Timothy McGee, an investment advisor for the Minneapolis-based company in Philadelphia, allegedly used confident information received from an Alcoholics Anonymous meeting to profit from a merger in 2008. McGee and eight others made about $1.8 million before Philadelphia Consolidated Holding Corp. announced it would be acquired by Tokio Marine Holding Inc.

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