On April 24, 2017, Avaneesh Krishnamoorthy, a vice president and risk management specialist at a Manhattan-based investment bank, was arrested and charged with insider trading, in connection with making $48,000 in profits from stock and options trading based on material nonpublic information about a private equity fund’s potential acquisition of a publicly traded company.  According to the complaint, through his position at the investment bank, Krishnamoorthy had access to material nonpublic information about mergers and acquisitions for which the investment bank might provide financing.  In November 2016, a private equity fund contacted the investment bank about financing for the private equity fund’s acquisition of the publicly traded company Neustar, Inc.  Krishnamoorthy received multiple emails concerning this transaction, including emails summarizing the details of the deal.  After receiving those emails, and prior to the public announcement concerning the acquisition, Krishnamoorthy purchased Neustar call options and shares of Neustar stock, in brokerage accounts held in the names of both Krishnamoorthy and his spouse.  In the hours following the public announcement of the acquisition on December 14, 2016, the value of Neustar stock increased by approximately 20 percent.  As a result, the value of the call options and stock held by Krishnamoorthy and his spouse increased, and he generated at least $48,000 in profits.  United States v. Krishnamoorthy, 17-mg-3002 (S.D.N.Y.). DOJ Press Release