On May 31, a complaint filed in Manhattan federal court charged Woojae Jung, the vice president at an investment bank, with conspiracy and securities fraud in connection with an insider trading scheme.  The complaint alleges that Jung obtained material non-public information through his position at the investment bank and, working with a co-conspirator located in South Korea, used this information to conduct securities trades through a brokerage account held in the co-conspirator’s name.  The complaint charges Jung with one count of conspiracy to commit securities fraud and a total of six counts of securities fraud.

United States v. Jung, 1:18-MJ-04640 (S.D.N.Y.)

DOJ Press Release