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Biomed investment analyst charged with insider trading

A photo showing mens shoes and a leather briefcase in dark shadows across the floor.
Photo: Jeff Hutchens/Edit by Getty Images

In parallel enforcement actions, the DOJ and SEC have charged an analyst with two counts each of securities fraud for trading on nonpublic information.

An analyst made hundreds of thousands of dollars in illegal profits by trading in securities based on inside information.

According to the US Attorney for the Southern District of New York, Jianqing Li allegedly used nonpublic information regarding upcoming announcements that he expected would increase or decrease a company’s stock

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