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SEC, DOJ charge IT employee with insider trading

2014-09-16 18:02 ET - Street Wire

Also Street Wire (U-*SEC) U S Securities and Exchange Commission
Also Street Wire (C-YM) YM BioSciences Inc

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by Mike Caswell

The U.S. Securities and Exchange Commission and federal prosecutors in New York filed insider trading charges on Tuesday against a senior technician at a California law office, claiming that he made over $300,000 buying ahead of several mergers and acquisitions. (All figures are in U.S. dollars.) Over a three-year period he allegedly traded eight companies on non-public information, including former Toronto Stock Exchange listing YM Biosciences Inc. FBI agents arrested the employee, identified as Dimitry Braverman, on Tuesday morning in San Mateo, Calif.

Details of the allegations are contained in a civil complaint the SEC filed on Tuesday, Sept. 16. The complaint identifies Mr. Braverman, 41, as an information technology employee of 14 years at Wilson Sonsini Goodrich & Rosati, a law firm with offices in the United States, Asia and Europe. He worked at the firm's San Francisco branch, which specializes in advising clients on mergers, acquisitions and other corporate transactions.

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MAKES YOU WONDER HOW MANY OTHERS ARE HIDING IN THAT ICEBERG OF WHICH WE NOW SAW A GLIMPSE . . .

Posted by OPA at 2014-09-16 18:21


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