Wells Fargo Banker Sentenced for Insider Trading Conspiracy


A former Wells Fargo investment banker and three of his conspirators were sentenced Friday on insider trading conspiracy and related charge. Sentencing stems from the Charlotte-based FBI investigation, “Operation Insider Out,” which began in early 2012 and identified targets involved in insider trading activities in the Charlotte area.

According to court documents, from March 2010 through December 2012, the conspirators conducted illegal insider trading activities based on stolen material non-public information, including information on Wells Fargo and its clients’ upcoming corporate mergers and acquisitions.

More Here: http://www.fbi.gov/charlotte/press-releases/2015/former-wells-fargo-investment-banker-and-three-conspirators-sentenced-for-insider-trading-conspiracy