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Man Convicted for Insider Trading Scheme

From justice.gov

A federal jury in Los Angeles convicted a California man this week for insider trading. According to court documents and evidence presented at trial, Shahriyar Bolandian, 35, of Brentwood, Los Angeles, participated in an insider trading scheme that netted more than $650,000 in illicit profits. Between 2012 and 2013, Bolandian received material non-public information about two upcoming corporate acquisitions from his childhood friend, who was an investment banking analyst at J.P. Morgan Securities LLC. Bolandian then used the inside information to trade in advance of the public announcements of Integrated Device ... (full story)

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