Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, September 6, 2007

Wall St. Couple Pleads Guilty to Insider Trading Charges

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.

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