Insider Trader Who Made $1 Million on Pandion Gets Five Months

A man who made more than a $1 million insider trading on confidential information about Merck & Co.’s 2021 acquisition of Pandion Therapeutics was ordered to spend five months behind bars.

Brandon Wong was sentenced Friday by US District Judge Edgardo Ramos in Manhattan. Wong pleaded guilty in April to insider trading based on deal information that his friend Seth Markin, then a Federal Bureau of Investigation trainee, stole off the computer of his girlfriend, a corporate lawyer.

Prosecutors had sought a sentence of around 30 months in prison for Wong, citing the amount he made trading Pandion stock. ...