FYI: The Securities and Exchange Commission Wednesday charged Cleveland Browns linebacker Mychal Kendricks and a former Wall Street analyst, Damilare Sonoiki, with insider trading.
In a statement, Mr. Kendricks admitted wrongdoing, said he cooperated with investigators and promised to pay back illegal profits.
"I apologize," he said in the statement released by his attorneys. "Four years ago, I participated in insider trading, and I deeply regret it. While I didn't fully understand all of the details of the illegal trades, I knew it was wrong, and I wholeheartedly regret my actions."
Regards,
Ted
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