4 Min Read
WASHINGTON (Reuters) - A Brooklyn man indicted for an insider trading scheme used information from a Bloomberg News reporter about certain deals to trade, according to a review of the charging documents, in a case that comes as the volume of leaked information about mergers and acquisitions is rising.
FILE PHOTO: A sign for the Wall Street subway station is seen in the financial district in New York City, U.S., August 23, 2018. REUTERS/Brendan McDermid
On March 23, a federal grand jury indicted 38 year-old Jason Peltz for trading on “material nonpublic information” obtained from a company insider and a financial reporter.
Brooklyn man accused of using information from Bloomberg reporter for insider trading msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
An insider-trading indictment shows ties to Bloomberg News scoops
For more than six months, federal prosecutors say, a New York man used inside information to make illegal profits in the stock market and a core element of his alleged scheme was his interaction with Bloomberg News, which published several stories shortly after the trader arranged to make significant purchases of the companies’ shares.
Last month, a federal grand jury indicted Jason Peltz on multiple counts of securities fraud, money laundering, tax evasion and lying to the FBI. Peltz, 38, is accused of working with over a half-dozen unnamed and unindicted co-conspirators to learn about impending takeovers and other market-moving news, and to move money between accounts as a way to hide his role and profits.
Operator
Good morning and thank you for joining the Ferro Corporation Fourth Quarter and Full Year 2020 Earnings Conference Call. An archived replay of the teleconference will be available through the investor information section at ferro.com later today and will be available for approximately seven days.
I would now like to turn the call over to Mr. Kevin Cornelius Grant, Director, Investor Relations and Corporate Communications.
Kevin Cornelius Grant
Director of Investor Relations and Corporate Communications
Thank you and good morning, everyone. Welcome to Ferro s fourth quarter and full year 2020 earnings conference call. This morning we ll be reviewing Ferro s financial results for the fourth quarter ended December 31, 2020. I am pleased to be joined today by Peter Thomas, our Chairman, President and CEO; and Ben Schlater, Group Vice President and Chief Financial Officer. The earnings release and conference call presentation deck are available in the Investors section of
NEW YORK, NY / ACCESSWIRE / March 2, 2021 / Ferro Corp. (NYSE:FOE) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 2, 2021 at 8:00 AM Eastern Time.