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Tag: Securities and Exchange Commission
NJ Broker Bought Private Jet, Luxury Caribbean Vacation In $3.4M Insider Trading Scheme: Feds
A former partner at a New Jersey broker-dealer firm was accused of insider trading, making more than $3 million in illegal profits, authorities said.
Christopher Matthaei, 44, of Brielle, was arraigned in federal court on Wednesday, July 17, New Jersey's U.S. Attorney Philip Sellinger said in a news release. A federal grand jury indicted him on Friday, June 21 for two counts of securities fraud conspiracy and seven counts of securities fraud.
According to court documents and statements, Matthaei was a partner and senior salesperson at a trading firm based in Charlotte, North Carol…
