In the latest insider trading probe to touch an Am Law 100 firm, the Securities and Exchange Commission and federal prosecutors in New Jersey have charged Steven Metro, a managing clerk at Simpson Thacher & Bartlett, along with a Morgan Stanley stockbroker, with taking part in a $5.6 million insider trading scheme that involves some of Simpson Thacher's star private equity clients.
March 19, 2014 at 04:54 PM
1 minute read
The original version of this story was published on The American Lawyer
Apparently eating a napkin with incriminating evidence written on it is not enough to ward off insider trading charges.
In the latest probe to touch an Am Law 100 firm, the U.S. Securities and Exchange Commission and federal prosecutors in New Jersey have charged Steven Metro, a managing clerk at Simpson Thacher & Bartlett in New York, and Morgan Stanley stockbroker Vladimir Eydelman with taking part in an insider trading scheme that netted $5.6 million in illicit profits.
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