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3 years ago
BRIEF-Stockbroker, law firm managing clerk charged by Justice Department, SEC with insider trading
March 19, 2014 / 2:41 PM / 3 years ago

BRIEF-Stockbroker, law firm managing clerk charged by Justice Department, SEC with insider trading

March 19 (Reuters) - * SEC says charges a stockbroker, and a managing clerk at simpson thacher &

bartlett law firm, over a $5.6 million insider trading scheme * SEC says Justice Department filed related criminal charges against the

stockbroker vladimir eydelman and the clerk steven metro * SEC says eydelman now works at Morgan Stanley * SEC says charged defendants with insider trading around more than a dozen

mergers or corporate transactions * U.S. attorney says metro and eydelman each criminally charged with multiple

fraud counts, and a conspiracy count * U.S. attorney says defendants' four-year scheme involved more than $33

million of alleged illegal trades, and netted more than $5.6 million profit

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