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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.