January 26, 2016

August 26, 2014

The SEC charged Michael Anthony Dupre Lucarelli, a director of market intelligence at a Manhattan-based investor relations firm, with insider trading ahead of impending news announcements by more than a dozen clients.  According to the government, Lucarelli repeatedly accessed clients’ draft press releases stored on his firm’s computer network prior to public announcements and then routinely purchased stock or call options in advance of favorable news and sold short or bought put options ahead of unfavorable news, garnering nearly $1 million in illicit profits.  SEC

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