From the NY Post: Federal prosecutors charged a Long Island man with insider
trading yesterday after he supposedly sold an advance earnings report to an
undercover FBI agent for $7,000. Damian
Perna, 30, who works at Merrill Lynch, obtained draft earnings reports for
several publicly traded firms before they were released, according to charges.
Perna, who lives in Oceanside NY, joined forces with unidentified cohorts and
used the illegal information to make a series of trades from June 2011 through
last October, said US Attorney Loretta Lynch.
Officials emphasized that Perna’s alleged misconduct took place before
he worked at Merrill Lynch...
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