IT Insider Helped Alleged $5m Insider Trading Scheme

By Phil Muncaster

Five men have been charged with insider trading offenses after an IT consultant pleaded guilty to using his position as a trusted insider at an investment bank to facilitate the scam.

In his role at the unnamed bank, Daniel Rivas is said to have accessed sensitive M&A information from at least August 2014 to around April 2017, sending it to friends on more than 50 occasions for them to buy and sell securities.

To read the entire article, please click here.