He’s accused of electronically accessing an investment advice service’s unannounced stock picks and using the information to generate millions of dollars in trading profits and providing insider tips to at least one other person, according to a federal complaint unsealed Tuesday.
Investigators examined emails Stone sent to another person from January 20, 2021, through March 17 and found he provided stock names and ticker symbols ahead of the advice company’s announcements of stock recommendations to its paying subscribers. The complaint doesn’t identify the company.
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