An irreverent Wall Street Blog
by Bill Singer

Frequent Flyers, Potatoes, and Macy's -- One Defendant Settles with the SEC

September 29, 2010

Read Bill Singer's Huffington Post Column.  Now on-line:
 
http://www.huffingtonpost.com/bill-singer/insider-trading-frequent-_b_743405.html
 

On March 25, 2010, BrokeAndBroker.com at http://brokeandbroker.com/index.php published a detailed analysis at http://www.brokeandbroker.com/index.php?a=blog&id=346 of Securities and Exchange Commission v. Igor Poteroba, Aleksey Koval and Alexander Vorobiev (SDNY March 24, 2010), which alleged that Defendant Igor Poteroba, a high-ranking investment banker in UBS Securities LLC's Global Healthcare Group in New York City, tipped his friend Defendant Aleksey Koval with highly confidential inside information about impending transactions involving pharmaceutical companies. Koval, who held positions at securities industry firms at the time, then traded in stocks and options of the companies targeted for acquisition. Koval also tipped their friend Defendant Alexander Vorobiev, who traded ahead of four of the deals.

Among the means of communication allegedly used to illegally tip and trade on the inside information were coded e-mail messages that referred to securities and money as "frequent flyer miles" and "potatoes." One e-mail exchange about insider trading was purportedly a discussion about a Macy's wedding registry.

Defendant Poteroba recently entered into a settlement with the SEC.

LEARN MORE ABOUT THIS CASE AT

http://www.huffingtonpost.com/bill-singer/insider-trading-frequent-_b_743405.html

Permalink

Search BrokeAndBroker

Related Topics

Previous Entries

Tag Cloud

Bill Singer BrokeAndBroker FINRA Arbitration AWC SEC BrokeAndBroker.com Expungement Employment BrokerAndBroker Guest Blog Guest Blogger Wells Fargo Street Sweeper Bill SInger Jobs Aegis Frumento U5 OBA Fraud Promissory Note U4 Email Merrill Lynch Morgan Stanley EFL Wire Fraud Defamation Elderly UBS CRD Statutory Disqualification Forbes Suitability FBI PST InSecurities Ponzi ALJ Citigroup BrokeAndBroker Whistleblower Borrowing DOJ Rule 3270 OHO Supervision BrokerCheck NAC Form U4 IRS Expenses OIP Supreme Court Outside Business Activity Bank Willful Felony Ameriprise SDNY Wrongful Termination Securities Industry Commentator Rule 2080 Wachovia Pro Se IRA Rule 8210 Discretion Business Expenses Mail Fraud WSP RIA Insider Trading Wife Dodd Frank Raymond James Discovery NASD CCO Rule 1122 JP Morgan Form U5 Husband Rule 2010 Conversion Punitive Damages Checks Forgery Bankruptcy Willfulness Trump Tax Rule 3240 LPL Estate Bar Small Firm Settlement Employment Tuesday Madoff Credit Card NYSE Frumento Stephen Kohn Outside Business Activities Rule 3040 Edward Jones Margin Wall Street Annuities Private Securities Transaction Commissions Real Estate 2Cir Power of Attorney Tax Liens Facebook Antitrust Insurance Indictment Corrective Action Statement Promissory Notes Impersonation Bank of America Rule 3280 Beneficiary Schwab Exam TRO Street Legal SRO Tax Lien ETF Test Injunction Spouse ATM Mortgage FAA Misdemeanor Remand Options Barclays Case In Point Wire Rule 2510 COVID Due Diligence Complaint Signature Annuity Rule 12206 VA Sanctions Trust OTR Offer of Settlement Trustee ARS Away Account Appeal POA Goldman Sachs Lien Schapiro Initial Decision NASDAQ Crypto ACQ CFTC Loan Liens NSF Spouses Customer Blockchain T&P Stay Securities Fraud email Employee Forgivable Loan Eligibility Rule Rule 4530 Signatures Retaliation Deutsche Bank Motion to Dismiss PCAOB Bonus Jurisdiction DCCir RBC Burris Fidelity NASAA Unauthorized Discretion HFT Conspiracy Money Laundering arbitration Great Recession Board Cease And Desist OWB 9Cir Reg SP Failure to Supervise Flash Crash E*Trade Reimbursement Mandatory Arbitration Chase Fiduciary Rule 12200 Dissent Compliance Rule 4511 Credit Cards Vacatur Unfair Competition Solicitation JPMorgan Personal Expenses Broker Protocol Disgorgement Undisclosed Settlement Discrimination Severance Scottrade Hacking Willfully Huffington Post Rule 3010 Unsuitability Explained Decision Continuing Education LOA Disclosure Registered Rep Magazine Lehman Brothers Gallagher Cryptocurrency RRBDLAW.com Divorce Bharara Customer Complaint Motion to Vacate Deceased MSSB Identity Theft Hacker Bitcoin Retirement Malware Variable Annuity Rule 3050 brokeandbroker Unauthorized Trading Variable Annuities Loans Lucia Audit Will Website Sexism Examination employment Wedbush 10Cir Annual Compliance Questionnaire Stockbrokers Letter of Authorization Coronavirus TD Ameritrade FINRA Arbitration REIT Wey Forex Spoofing Manifest Disregard Stifel Class Action Sexist Apple BD Internet BrokeAndBroker Bill Singer jobs FINOP Statute of Limitations Second Circuit Brummer 2nd Circuit IAR Social Media Solicited RMBS Self Regulation Kokesh BOP Net Capital Prison Postponement Away Accounts MC-400 Commission Elder Abuse LIBOR Due Process Confidential Information Zipper Lehman Trading Platform Registration Rule 12805 Bonds Hedge Fund Rule 2150 Widow Unjust Enrichment Charles Schwab Emails Dakota Securities WSPs BrokeAndBroker.com Blog Fees IC3 Marijuana Newman RRBDlaw.com Telephone Cheating ADA Arbitraiton Morgan Keegan Debit Card BrokeandBroker Rule 2111 Plea China Rule 3110 AML CRS Indemnification Judgments Credit Suisse MetLife Bureau of Prisons Unsolicited Time And Price Bear Stearns SDFL Sanction Guidelines bill singer Private Placement Private Securities Transactions FOREX Imposter Waiver expungement Hilton Weiner PNC Board of Governors NYAG Auction Rate Securities Obstruction of Justice Tortious Interference TOD Crowdfunding Botkin Knight JOBS Act Stifel Nicolaus Small Firm Governor Piwowar Compensation IPO Rakoff Diversity Rule 13200 Counterclaim Mutual Funds Elder Fraud Lawyer CNBC Regulation SP Confirm Suspension Joshua Brown Protocol Check Kiting Testimony 3Cir Employment Agreement Motion to Confirm CPA DOL FINRA Board Puerto Rico Gold Charge Public Interest OSHA Rule 9552 Concentration CE FNMA Reg S-P Dementia Stanford Ketchum Circuit Court USERRA Restaurant Bandimere Affiliate Rule 12904 Affinity Fraud Cannabis Non-Solicitation Morgan Stanely Article V Feigenbaum Khuzami MF Global TheBlot 4Cir Pennystocks Wire Transfer Woody Allen Rule 2081 Rosenthal Recruiting Reg D Racism Hurry Mother Taxes Aleynikov Immunity PN Banc of America Testing Executor Oppenheimer Sales Assistant ING Standing SAC Bank Fraud Exhaustion of Administrative Remedies Charity Statutory Disqualification Committee Membership Continuance RR Conflict Embezzlement Rule 13805 Day Trading Broke And Broker Appointments Clause TSSB Passcode Margin Call Pennystock EIA Unsuitable Inability to Pay Check Customer Information Whistleblowing Shah Gilani OIG Rule 12504 Medicare Raiding Bloomberg Wine Series 7 CEO High Frequency Trading 11Cir Churning Non Solicitation Rule 4513 VIX AAA Confidential Biden Termination Phishing Funds Smith Barney SunTrust Research Corzine Sharemaster Written Supervisory Procedures PAQ Rule 3030 Medical Condition Star Wars Slander BrokeAndBroke Probate Moon Obstruction Rule 2210 Bid Rigging WB-APP Corruption Wanger ACH Attorneys Fees OCIE Statement of Corrective Action Teleconference Motion to Compel Eligibility Sexual Harassment Self Regulatory Organization Casino Subpoena Mutual Fund White Consent Order Sarbanes Oxley JPM Talman Harris Saad EDNY NDCA Hearing Kon Form ADV PIABA Constitution Vault Ride the Thunder HSBC Third Party Vendor Accounting Leveraged ETF Lincoln Financial Poteroba fraud Rule 12212 David Sobel Commodities Fraud Private Placements 9/11 6Cir FINRA AWC Johnny Burris Honorarium Relevant Disciplinary History TCR Marine Corps Marines Hugh Hewitt 6th Circuit Yesenia Guitron Guitron Government Accountability Project Whitman 401k Layering Unauthorized Practice of Law Laptop Chief Compliance Officer Administrative Remedies ICO Linde Murphy Marketplace NPR Unregistered Disability Amazon Parking 1Cir Information Failure To Supervise Penson Libel Side Bar Test Center IM Nietzsche securities industry commentator Ethereum Outside Account Trade Secrets Morgan Stanley Smith Barney Finder\'s Fee Vietnam Argentina Aguilar Joint Account Breach of Contract Online Lawyers McDuff Deferred Compensation Federal Reserve Negligence Data 17a-5 Backstage Wall Street First Amendment Annual Audit Puts 11th Circuit Robert Muh David Lerner Rule 21F Puerto Rico Bonds Preliminary Injunction Life Insurance FOCUS Attorneys\' Fees elderly Copyright Reform BATS Reuters Chevron Escrow ESOP Schneiderman Female Christian Stanley Reverse Life Insurance Taft Correctional Institution Guest Bloggers Investor Alert Permanent Bar Pruco FCI Beaumont FCI Fine Beneficiaries Turnover Excessive Trading CGMI Withdrawals LLC Cold Spring Advisory Group Confirmation Jennifer Tarr Red Flags Non Solicit Robert Cook Do Not Call RICO Florida Arrest VXX SP Fiduciary Duty Self Directed Respondeat Superior Outside Accounts Obama Verbal Discretion Scholander WaMu Regulation Rule 9216 Arbitration Capital Gains Michael King Associates Michael King Service Inmate Equity Indexed Annuities Tax Fraud Rule 2370 Resignation money laundering Absolute Immunity Rule 1031 Sexual Discrimination Electronic Communications Prudential Money Market Civil Rights Client Information Rationale Hester Peirce RRBDlaw Enforcement BrokerAndBroker.com SD Stop Loss Chase Investment Services Trader Series 79 Commodities Johnson Fowler Whistleblowers Crime Scottsdale Congress Robinhood AXA Fifth Amendment Password Oral Discretion NoCA Fee Motion Stipulated Award Fines Timban Wires Elder Law Blank Forms Expert Witness Disciplinary History Thain Control Person Over Concentration Rory Flynn NYG Capital BrokeAndbroker FMLA FINRA Small Firm Investment Adviser Newport Coast Securities Kiting Inside Information Meals Rule 9554 Texting Trading Self Reporting NY Life OWWP Regulation S-P Google Chiasson Netschi Selling Away FCPA 40 Act CDO Judgment Moore Commissioner Stein signature SIFMA Settling Away Department of Justice Restitution Death Elles 401(k) S&P Hospital Relevant Counterfeit YouTube CD Dell Stockbroker Privilege TIC Kent Tipper Martin Cherry Picking Hackers Lexicon Transfer 10b-10 Cybercrime Fourth Amendment Motion To Dismiss South Park Prime Bank Customer Files National Securities Advisor Placement Group Altered Records Checking Oilpro Executrix Wells Fargo Advisors Lewis Carroll Subway Credit Repair Turbeville Jon Corzine Impersonator Series 66 BitTorrent wire fraud Proctor Short Sale Gabelli mail fraud Covid-19 Non Compete BBVA Merill Lynch Quasi Governmental State Actor Solomon Currency Led Zeppelin Texas State Securities Board Rule 420 Compromise Disparate Treatment Promoter Dinner Pacifico Non-Prosecution Agreement Exhaustion Doctrine Allstate Twitter Goble MBS Well Managed Portfolio Bank Guarantee Nasdaq Reasonable Rule 3310 Wire Transfers iPhone Conflicts Supervisor Title VII Vacate Tippee Life Settlement Arbitrator Father EDPA Exception Reports Martoma Janney Montgomery Scott Risk Diamonds UIT Sears Law School Lek Kennedy Rule 2430 Section 206 Romer Initials Patriot Act Khan Preet Bharara Binary Options Bank Secrecy Act NML Undertaking Liu Branch Manager Microcap Silver Deferred Prosecution Agreement Dylan Malice SEC Rules of Practice Evidence DPA PHC Eric Stein Work Product Banks Leveraged ETFs Collateral Confidentiality Expense Legend Excel Stock Promotion Books And Records Mattera Merger ADEA CAT Age Discrimination Anderson Springsteen wrongful termination Wages McCartney DWI Racial Discrimination EB-5 Gnomes Obamacare FDA Compliance Officer Mary Jo White CMO Flash Drive Customers Merrill Summary Judgment bank Practice Sale State Farm Fiero Preliminary Determination Examinations Trainee Fee God Harassment Laser Molchatsky BIll Singer Women Travel 10b-5 Coin Rules of Practice Lee Bill Singer BrokeAndBroker Chase Bank Payroll Theft Undercover Gifts Bob Dylan Clayton Rule 3210 1099 Financial Disclosure Boyland Back Dated Statute of Limitation FTC ACT! Tysk Altered IBM Disney NPI Son Deceased Customer Investacorp Fraudulent Inducement Conflict of Interest BrokeandBroker.com Criminal Tennis Court Retired Woman With Cane Mary Schapiro DNJ Costa Rica Baby Boomers Orders Punitive Guardian NFA Margin Calls Daspin RRBDLAW PSRO Stephen A. Kohn Varney Penalty ALJ Grimes Res Judicata Offset NYLIFE Wang Voya Rule 13504 Pershing Brokeandbroker.com Public Arbitrator Ethics Personal Information For Cause HBO Dostoevsky Production Cryptocurrencies Bribe Bezos Spam Burden of Proof Galleon Last Known Address Game of Thrones Mantar William Faulkner FNI Media Liquidation Salman Superior Court Court of Appeal Bartko NRSRO Municipal Advisor Retroactive Retroactive Bar Collateral Bar Capitalism Diabetes Elon Musk Mistake Powell Subject Matter Jurisdiction 9th Circuit Nationwide Ten Commandments AIG SIPC Compliance Questionnaire Outside Counsel In House Counsel Cantor Fitzgerald QuadrigaCX Default Walter Schumer Dow Sex Rule 12104 Finra Rule 12511 Reason for Termination Hertz Kierkegaard Income ALJ Foelak Rule 2330 Murray AWC. FINRA Bill singer Kenneth Starr 5Cir Office of Special Counsel Harris US Airways Cellphone MSPB Securities America Exotic ETF 8210 Broy House Financial Services Newbridge Election Dissident MDLA CMA Unauthorized Trades Stipulation Koval ETFs Municipal Bonds Principal EEOC Spoliation Willfull Third Party Beneficiary Extraordinary Circumstances ADR Naskovets Confidential Customer Information Reverse Merger Witness Tampering Irreparable Harm Sterne Agee Scam Grievance GAP JPMorgan Chase Skimming Pension Traders Constructive Discharge Zoom Countrywide Apartment Tran Falsification Books and Records Securities and Exchange Commission false statements Berthel Fisher Sharing Agreement College