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28-year-old hedge fund analyst accused of insider trading using his mom's brokerage account
A 28-year-old analyst from a private New York investment fund was arrested and charged with insider trading after making $1.5 million in ill-gotten gains trading options on his mom's brokerage account, prosecutors said. According to the complaint, the analyst, John Afriyie, traded options in ADT's stock based on material nonpublic information he encountered while working at the fund. The complaint didn't name his former employer. However, Reuters reported that a LinkedIn account with his name on it said he worked at MSD Capital, Michael Dell's family-office hedge fund. MSD Partners didn't immediately respond to a ... (full story)
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