On July 12, Steven McClatchey, a director at an investment bank in Manhattan, pled guilty to one count of conspiracy to commit securities and wire fraud and one count of securities fraud.  According to the government, McClatchey provided nonpublic information about upcoming mergers and acquisitions to his close friend, Gary Pusey, who traded on the information.  Pusey rewarded McClatchey with home renovations and cash kickbacks.  In total, Pusey reaped approximately $76,000 in gains, based on 10 separate mergers and acquisitions.  United States v. Pusey, 16-cr-369 (S.D.N.Y.). DOJ Press Release