Ex-Stockbroker Pleads Guilty To Qualcomm Insider Trading

Law360, Los Angeles (September 24, 2013, 8:52 PM EDT) -- A former Merrill Lynch stockbroker admitted Tuesday that he helped an ex-Qualcomm Inc. senior executive conduct alleged insider trading, with knowledge of Qualcomm's financial performance and then-impending acquisition, and laundered the profits of those trades in an offshore bank account, according to federal prosecutors. 

Gary Yin pled guilty Tuesday to one felony count of conspiracy in a California federal court, saying he helped Jing Wang — Qualcomm's former executive vice president and president of global business operations — carry out allegedly illegal trades using nonpublic information...
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