Nomura, Insider Trading and Buying Politicians: Advanced Trading's Week in Review
6. Guilt By Admission
In return for providing this information to Kuo, I received cash and other items of value from Kuo, including material on nonpublic information concerning other publicly traded technology companies, which I used to trade on my own account.
—Hyung Lim, a former executive at Broadcom Corp. and Altera Corp., pleading guilty to one charge of conspiracy to commit securities fraud and one charge of wire fraud in a federal court in Manhattan this week. Danny Kuo is an analyst at an investment firm.
Source: Fox Business News