On October 30, 2017, Fei Yan, a post-doctoral associate at a university located in Cambridge, Massachusetts pled guilty to insider trading.  Yan’s spouse worked at an international law firm where she learned material nonpublic information concerning the acquisition of Stillwater Mining Company, a publicly traded company whose shares are listed on the New York Stock Exchange.  While his spouse was working on the potential merger, Yan conducted online research into how to commit insider trading while evading detection.  After phone calls with his spouse, Yan purchased stock options of the company to be acquired.  He made approximately $110,000 through his unlawful conduct.  Yan pled guilty to one count of securities fraud and will be sentenced on March 2, 2018.  The maximum sentence is 20 years in prison and a fine of $5 million.  U.S. v. Fei Yan, No. 17-mag-5156 (S.D.N.Y.)

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