On January 16, Stephen B. Gray of Houston was sentenced to 46 months’ imprisonment following his conviction for securities fraud in an insider trading scheme. From at least September 2009 through at least May 2012, Gray, the CEO of an investor relations firm, used and traded upon material nonpublic information he learned while preparing press releases for his firm’s clients. United States v. Gray, 14 Cr. 438 (S.D. Tex.). DOJ Press Release.