On March 30, 2018, Fei Yan, a post-doctoral associate at a university located in Cambridge, Massachusetts, was sentenced to 15 months in prison for 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.  According to court filings, 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 earned approximately $110,000 through his unlawful conduct. United States v. Fei Yan, 17-cr-00497 (S.D.N.Y.)

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