Hedge Fund Analyst, Wife Plead To Insider Trading

Sep 6 2007 | 7:40am ET

A Wall Street Bonnie and Clyde—former hedge fund analyst Ruopian Chen and his wife, former Morgan Stanley financial analyst Jennifer Wang—are walking hand in hand to the pokey.

Chen, until earlier this year a vice president at ING Investment Management Americas, and Wang pleaded guilty to a variety of conspiracy and securities fraud charges yesterday in Manhattan. The two agreed to a sentence of between two-and-a-half and three years and one month in prison, with sentencing scheduled for Dec. 7.

The duo was arrested in May and charged with insider trading on non-public information Wang was picked up at Morgan Stanley. Federal prosecutors allege they made more than $600,000 from their illicit trades, which took place between December 2005 and March 2007.

Chen and Wang still face the ire of the Securities and Exchange Commission, which has civil insider-trading charges against them pending.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note