GO
Loading...

Ex-Merrill Analyst Sentenced to 37 Months for Insider Trading

A former analyst at Merrill Lynch who pleaded guilty to insider trading was sentenced Friday to three years and a month in prison for his part in a sprawling scheme that involved information from investment bankers and leaked copies of a market-moving magazine.

Stanislav Shpigelman, 24, of Brooklyn, had admitted tipping other participants who made more than $6.7 million from October 2004 to August 2005. At the time, he worked in Merrill Lynch's mergers and acquisitions division.

In a plea deal he signed with prosecutors, Shpigelman admitted to a single count of conspiracy to commit insider trading in return for a recommendation that he serve between three and four years in prison.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Former Kleiner partner Ellen Pao arrives at San Francisco Superior Court, March 24, 2015.

    Ellen Pao’s lawsuit against her former employer, Silicon Valley VC firm Kleiner Perkins, is frivolous—and a setback for women, says Carol Roth.

  • A pedestrian walks by a Lululemon retail store on September 12, 2014 in San Francisco, California

    It looks like Lululemon has learned a lesson from its past controversies, and is working to develop merchandise to fit a fuller-figured customer.

  • Beer Label Madness 2015 - South - Yule Shoot Your Eye Out

    As voting gets underway in Round Two of CNBC's most loved beer label contest, here's a look at those that prevailed in Round One.

U.S. Video