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

New York prosecutors have asked a judge to impose a sentence of up to three years in jail on former law office technician Dimitry Braverman, calling his insider trading "sustained and brazen." His work as a senior systems engineer gave him what the government calls an unusual amount of insight into potential mergers and acquisitions. In a crime "fueled by his own greed" he used this information to trade shares of multiple clients, including former Toronto Stock Exchange listing YM BioSciences Inc.

The request comes about one week after Mr. Braverman sought a much lighter sentence, asking the judge to spare him jail. He claimed that he had already suffered plenty, agreeing to pay $520,433 to the U.S. Securities and Exchange Commission to settle a parallel civil case. He had also suffered the loss of his job and would have a difficult time obtaining another, he said.

LINKED IN

Dimitry Braverman

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