A New York jeweler whose analyst friend allegedly tipped him off to trade ahead of Sherwin-Williams Co.'s 2016 merger with Valspar Corp. pleaded guilty March 29.
Jeremy Millul pleaded guilty to one count of conspiracy to commit securities fraud for his role in the insider trading scheme, the Justice Department said. Millul in December lost a bid to have his indictment thrown out.
Sebastian Pinto-Thomaz, then a credit ratings analyst with S&P Global Inc., allegedly gave Millul inside information ahead of the merger’s announcement. The pair are relatives as well as close friends, DOJ said. Millul opened his first ...
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