The Traderszone Network

Published in TZ Latest News 31 October, 2017 by The TZ Newswire Staff

MIT research scientist pleads guilty to insider trading

Even smart people do really stupid things.

NEW YORK (Reuters) – A research scientist at Massachusetts Institute of Technology pleaded guilty on Monday to charges that he engaged in insider trading based on information he obtained from his wife, a corporate lawyer working on a deal involving a mining company

Fei Yan pleaded guilty before U.S. District Judge Katherine Forrest in Manhattan and is scheduled to be sentenced by Forrest on March 2, prosecutors said.

Yan, a Chinese national,…

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