Feds Nab UBS Banker In Alleged Insider Trading Plot

Law360, New York (March 25, 2010, 1:49 PM EDT) -- An investment banker at UBS Securities LLC has been accused of giving people tips on upcoming mergers as part of an insider trading ring that allegedly netted about $1 million in illicit profits by trading ahead of mergers involving pharmaceutical companies.

Igor Poteroba, 36, an investment banker in the health care unit of UBS Securities, and Alexei P. Koval, 36, were arrested Wednesday, according to the U.S. attorney's office for the Southern District of New York. They are each charged with one count of conspiracy to...
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