Brooklyn Man Charged in Long-Running International Insider Trading Scheme | USAO-EDNY | Department of Justice

According to the indictment, between November 2015 and October 2020, Peltz and his co-conspirators engaged in a fraudulent scheme by which they obtained MNPI about publicly traded companies from a variety of sources, including a corporate insider and a reporter at a financial news organization (the “Reporter”).  Peltz and his co-conspirators allegedly used the MNPI to profitably trade in securities in advance of public disclosure through news articles.

Source: Brooklyn Man Charged in Long-Running International Insider Trading Scheme | USAO-EDNY | Department of Justice