Ex-BP employee settles SEC insider-trading case

A former 20-year veteran of BP will pay a civil penalty to settle civil charges alleging he used non-public information during the 2010 Deepwater Horizon oil spill to commit insider-trading, U.S. regulators said on Thursday.

The Securities and Exchange Commission said Keith A. Seilhan, who coordinated the company's cleanup efforts, will settle the case without admitting or denying the charges.

Read MoreThe truth about insider trading: Ex-Galleon trader

—By Reuters