Equity Researchers Charged as Insider Trading Ring Members (3)

June 10, 2021, 5:52 PM

Two partners at an equity research firm were charged by U.S. prosecutors with using tips on planned health care mergers to reap millions of dollars in illegal profits.

Tomer Feingold and Dov Malnik were charged in February with crimes including conspiracy and securities fraud in a previously sealed federal indictment that was made public on Thursday. The Securities and Exchange Commission sued both men based on similar allegations in March, describing them as Israeli citizens living in Geneva. Their firm wasn’t identified in either the indictment or the lawsuit.

Malnik is now in U.S. custody and is expected to appear ...

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