We want the big guys behind the meltdown, not these little fishes:
NEW YORK (AP) — An investment banker at a Manhattan firm and his father were charged in court papers unsealed Thursday with using inside information to earn over $1 million illegally by trading in securities of five health care companies.
The charges including conspiracy and securities fraud were contained in a criminal complaint unsealed in Manhattan federal court against 34-year-old Sean Stewart and his 60-year-old father, Robert. Sean Stewart, a Manhattan resident, is a managing director at Perella Weinberg Partners LP.
Federal prosecutors, consistent with a policy that often leads them not to identify financial institutions when employees are arrested, did not identify the firm. But the firm said in a statement it was cooperating with prosecutors.
