A former trader at Canada’s Polar Asset Management Partners who last year confessed to front-running his firm’s trades has pleaded guiltyto another crime — this one involving tips he provided to a friend at a New Jersey broker-dealer about confidential merger talks.
Sean Wygovsky, 42, of Centreville, Virginia, entered his plea Thursday in a New Jersey federal court to one count of securities fraud as part of a deal with prosecutors. He acknowledged he shared information with Christopher Matthaei about negotiations by special purpose acquisition companies from May 2020 to February 2021. Matthaei, then a partner at a broker-dealer ...
