Bear Stearns Broker Pleads Guilty To Insider Trading

Law360, New York (November 30, 2007, 12:00 AM EST) -- Former Bear Stearns & Co. trader Ken Okada became the ninth person to plead guilty to charges relating to his alleged involvement in a scheme that netted millions through trading on inside information from Morgan Stanley & Co. and UBS Securities LLC.

Okada entered his guilty plea to securities fraud and conspiracy charges at a Friday hearing before Judge Denny Chin of the Manhattan district court. He had informed Chin of his intentions to do so weeks ago following the negotiation of a plea deal with...
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