A former Morgan Stanley financial analyst, and her husband, each received 18 months in prison for insider trading and tipping.Michael Garcia, the US Attorney for the Southern District of New York, today announced that Jennifer Wang, 31, was sentenced to 18 months in prison for providing her husband with material, nonpublic information — which she […]
Suterwalla made over US$3 million in illicit profits trading in Petco Animal Supplies
Former MDS employee and spouse made more than US$1 million from stolen information about MDS’s impending merger with Molecular Devices
Former head trader pays US$750,000
Pair misused material non-public information from Morgan Stanley
SEC sues Hong Kong pair over purchases
Illegal insider trading damages investor trust, says CFA president
Defendants Include hedge funds, lawyers and professionals at UBS, Bear Stearns, and Morgan Stanley
Court of Appeal dismisses application
A group of 12 securities industry associations issued a joint statement today reiterating their stance against insider trading.The associations say the statement reaffirms their commitment to promote fair and competitive markets in which inappropriate use of material nonpublic information is not tolerated. In addition, they pledged to undertake various initiatives to inform, educate and provide […]