Now Sean Wygovsky News Today : Breaking News, Live Updates & Top Stories | Vimarsana

by Tyler Durden
Friday, Jul 02, 2021 - 10:00 PM
A Canadian trader named Sean Wygovsky was charged with insider trading by a federal court in New York on Friday. Wygovsky is alleged to have reaped $3.6 million by stealing confidential information to front-run his firm s trades. 
The firm wasn t identified by the government or by Bloomberg, who reported the charges on Friday.
Using the accounts of close relatives and family, he attempted to conceal his activity. The relatives and family then kicked back at least hundreds of thousands of dollars in illegal trading profits, the government alleges.
In an official DOJ release, Manhattan U.S. Attorney Audrey Strauss said: “As alleged, Sean Wygovsky illegally exploited his access to his employer firm’s yet-to-be-executed trade orders to make numerous trades in anticipation of the bump or dip the firm’s buying or selling would cause.  To conceal the scheme, Wygovsky allegedly made his front running trades t ....

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