Cardiologist facing criminal, SEC charges for trading based on clinical trials | Compliance Week

Dr. Edward Kosinski is a cardiologist in his late 60’s living in Weston, Connecticut. Dr. Kosinski practices at St. Vincent’s Medical Center in Connecticut and is also the president of Connecticut Clinical Research, LLC, which performs clinical trials for new drugs. Yesterday, Dr. Kosinski was named as a defendant in a criminal prosecution — as well as an SEC enforcement action — charging him with two counts of securities fraud-insider trading for allegedly trading based on the confidential results of a clinical trial he conducted.

via Cardiologist facing criminal, SEC charges for trading based on clinical trials | Compliance Week