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SEC Charges Kinnelon, N.J., Plastics Executive with Insider Trading.

The Record (Hackensack, NJ)

| April 23, 2004 | COPYRIGHT 2004 The Record. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Kathleen Lynn

Apr. 23--A plastics executive from Kinnelon was accused Thursday of making about $1.8 million for himself, his friends, and his relatives through illegal insider trading.

The Securities and Exchange Commission accused Alfred S. Teo Sr., the 57-year-old owner of Alpha Industries in Lyndhurst, of buying stock in two companies in 2000 and 2001 after he got inside information that they might be taken over. He also is accused of tipping off friends, relatives, and even his yacht builder about the possible takeovers.

"Mr. Teo didn't do this once; he did it twice," said Kay L. Lackey, assistant regional director for enforcement of the SEC. "He didn't just tip one person; he tipped a bunch.

"He really became a serial tipper and insider trader."

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