Enter multiple symbols separated by commas

SEC staffer charged with lying about his stock holdings

Joshua Roberts | Bloomberg | Getty Images

A U.S. Securities and Exchange Commission examiner was criminally charged on Tuesday for making false statements about his stock holdings that were prohibited under SEC ethics rules, U.S. prosecutors said.

(Read more: SAC Capital's Steinberg faces insider trading trial)

Steven Gilchrist, a staffer in the SEC's New York office, was arrested on Tuesday morning and is due to appear in court later Tuesday afternoon, said U.S. Attorney for the Southern District Preet Bharara and SEC Inspector General Carl Hoecker in a joint statement.

(Read more: Feds probe NY SEC staff investments)

According to the criminal complaint, Gilchrist "falsely certified'' in an ethics document that he did not hold prohibited stocks in various banks and broker-dealers regulated by the SEC, when in fact he had not divested his ownership.

—By Reuters

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.