PITTSBURGH: A PR executive has settled US Securities and Exchange Commission charges that he improperly sold stock in 2010 before a corporate acquisition.
The SEC suit claimed that Joseph Cerenzia, former director of PR for Consol Energy and currently a senior communications representative at FirstEnergy, sold some of his stock in Consol days before it announced a $3.74 billion deal to buy a subsidiary of Dominion Resources in March 2010.
Cerenzia joined the confidential team handling the Dominion acquisition in ...