April 13, 2016 / 11:45 PM / 4 years ago

Former N.Y. analyst charged with insider trading on ADT deal

NEW YORK, April 13 (Reuters) - A former analyst at a New York investment fund was arrested on Wednesday on charges that he made approximately $1.5 million trading on inside information about Apollo Global Management’s nearly $7 billion deal for security company ADT Corp.

John Afriyie, the ex-analyst, was charged with one count of securities fraud in a criminal complaint filed in federal court in Manhattan, U.S. Attorney Preet Bharara said in a statement. (Reporting by Nate Raymond in New York; Editing by Leslie Adler)

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