Former Merrill Lynch Analyst Enters Guilty Plea

Law360, New York (July 14, 2006, 12:00 AM EDT) -- A former analyst in Merrill Lynch’s Mergers and Acquisitions Department pled guilty to one count of insider trading Friday, resolving charges that stemmed from an alleged scheme to trade ahead of mergers based on details he leaked.

Twenty-three-year-old Stanislav Shpigelman, of Brooklyn, will be sentenced by U.S. District Judge Kenneth M. Karas on November 17. Though he faces a statutory maximum sentence of 20 years, his plea deal contains a sentencing recommendation of 36-47 months.

“He’s taking responsibility for his actions, which he deeply regrets,” said...
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