04:20:26 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



SEC target Braverman sentenced to two years

2015-07-30 12:04 ET - Street Wire

See Street Wire (C-*SEC) U S Securities and Exchange Commission

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Dimitry Braverman, the San Francisco law office technician who pleaded guilty to insider trading in eight companies, including a Toronto Stock Exchange listing, has received two years in jail. New York District Judge Paul Engelmayer handed down the sentence on Wednesday, July 29. In addition to the jail term, the judge ordered Mr. Braverman, 42, to serve two years of supervised release and to perform 100 hours of community service.

Dimitry Braverman
LINKED IN
Dimitry Braverman

The judge imposed the jail term despite pleas by Mr. Braverman to spare him a custodial sentence. He claimed to have suffered plenty already, having agreed to pay $520,433 to settle parallel civil claims brought by the U.S. Securities and Exchange Commission. (All figures are in U.S. dollars.) He also said that he had endured great public embarrassment, as his crime received coverage in the New York Times and Wall Street Journal. He asked for a combination of house arrest and community service.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed