Thursday, December 18, 2008

Matthew Devlin formerly with Lehman , others charged with insider trading | Reuters

Insider trading story | Reuters: “Former Lehman salesman Matthew Devlin was charged with participating in an insider trading scheme, a criminal complaint filed in District Court in Manhattan showed.

The complaint said Devlin should have known not to divulge confidential information his wife shared with him.

His wife is a partner in public relations firm Brunswick Group LLC. Brunswick said in a statement: "The husband of a Brunswick employee has been arrested by U.S. authorities for using information obtained illegally from her and without her knowledge, which has then passed to third parties."”

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