FBI Charges Former Evercore Dealmaker With Insider Trading

FBI agents arrested a former senior Evercore Partners Inc. (NYSE:EVR) for allegedly trading on information about confidential mergers and earnings last Friday. Frank Perkins Hixon, Jr., who was an Evercore managing director until January, was arrested on charges of earning nearly $950,000 by leveraging material non-public information. Traded in Titanium Metals and Westway Group According to the FBI, during October 2012, Frank Perkins Hixon, Jr. attended Titanium Metal’s pitch meeting by teleconference from London wherein he learned about an acquisition of Titanium by Precision Castparts Corp. He also learned the approximate offer price and that the transaction was likely to…