Gary Dowell and Terry Favilla

The Securities and Exchange Commission was successful in an insider trading suit against Terry F. Favilla, a former bank vice president and friend Garry R. Dowell. It is alleged that Favilla tipped off Dowell on a possible merger which collectively earned them over $110 thousand is stock profit. The court has ordered the pair to pay over $225 thousand toward restitution and fines. (Mar-30-06) [CENTRE DAILY]

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