[ISN] Senior IT worker at top tech law firm arrested for insider trading

http://arstechnica.com/tech-policy/2014/09/senior-it-worker-at-top-tech-law-firm-arrested-for-insider-trading/ By Joe Mullin Ars Technica Sept 17 2014 A senior IT employee with the law firm Wilson Sonsini Goodrich & Rosati has been arrested for grabbing the firm’s confidential client information and using it to trade stocks. FBI agents arrested 41-year-old Dimitry Braverman at his San Mateo, California, home on Tuesday morning, according to a report in the New York Law Journal. He was released on a $500,000 bond secured by $100,000 cash. That same day, the SEC filed a civil suit against Braverman. He’s accused of loading up on stock and stock options over a three-year period for companies involved in eight pending transactions. After the transactions, he sold the stock or used his options, reaping about $297,000 in profits. It’s the second time in recent years that a Wilson Sonsini employee has been charged with insider trading. The law firm has legendary connections in Silicon Valley, stretching back to when it represented Apple in its initial public offering in 1980. […]




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