The SEC on Friday also announced related charges against James Mazzo, former CEO of Advanced Medical Optics, and businessman David Parker. The SEC said Mazzo provided illegal tips about a planned acquisition of Advanced Medical Optics by Abbott Laboratories in January 2009.
Mazzo passed the information to Murray’s former teammate, Doug DeCinces, who tipped off Murray and Parker, the SEC alleges in a civil lawsuit. DeCinces settled the SEC’s charges a year ago by agreeing to pay $2.5 million.
Murray, who retired in 1997 with more than 500 home runs and 3,000 hits, neither admitted nor denied wrongdoing but agreed to refrain from future violations of securities laws.
The SEC is still pursuing its cases against Mazzo and Parker.