Thursday, September 6, 2007

Couple Plead Guilty to Insider Trading Charges

A former vice president at Morgan Stanley and her husband, a former analyst at a hedge fund, pleaded guilty to conspiracy and insider trading charges.  The defendants had been charged earlier this year with making over $600,000 on trading in three companies based on tips from the wife to the husband, who bought the securities through an account in the name of her mother.  The defendants agreed not to appeal a sentence between 30 and 36 months, which means they will each be serving a substantial term of imprisonment.  A story on (here) discusses the guilty pleas. (ph)

Insider Trading, Prosecutions | Permalink

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