Thursday, September 6, 2007
Jennifer Wang, a former finance vp at Morgan Stanley, and her husband, Ruben Chen, a former hedge fund analyst at ING, pleaded guilty to insider trading charges. The couple was arrested in May as part of a federal crackdown. According to the complaint, they netted about $600,000 trading on advance information about the acquisition of Genesis Health Care. NYTimes, Guilty Plea for Couple in Insider Trading Case; WSJ, Couple Plead Guilty To Insider Trading.