Broker Admits Keeping Mum In Insider Trading Case

Law360, New York (April 10, 2008, 12:00 AM EDT) -- A former Manhattan broker has pled guilty to agreeing to keep quiet in an alleged insider trading scheme that netted millions through inside information from Morgan Stanley & Co. and UBS Securities LLC.

Samuel W. Childs admitted his role before a judge Thursday in the U.S. District Court for the Southern District of New York, pleading guilty to one count of conspiracy to commit securities fraud, wire fraud and commercial bribery.

He was the last of 13 defendants in what officials considered to be one of...
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