UBS Insider Trading Suspect Still In Custody

Law360, New York (June 18, 2010, 7:08 PM EDT) -- A suspect accused of trading on illicit tips about pharmaceutical mergers from a UBS Securities LLC investment banker failed to secure a release Friday from federal custody, where he is forced to wait until a district judge determines whether his wife can serve as a co-signer for a $5 million bond.

Magistrate Judge Frank Maas modified bail terms for suspect Alexei P. Koval in a hearing in the U.S. District Court for the Southern District of New York, ordering that Koval be released into home incarceration...
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