A Morgan Stanley broker, Vladimir Eydelman, 42, and a law firm employee, Steven Metro, 40, managing clerk at Simpson Thacher & Bartlett LLP in New York, were charged with insider trading on March 19th.
Steven Metro, was accused of stealing confidential data on 13 corporate transactions and telling a middleman who then passed it on to broker Vladimir Eydelman. This included notes and napkins which were occasionally swallowed in Grand Central Station after the middleman was given the tip with the stock symbol of the company to be acquired.
Allegedly, Metro used the stolen data from Simpson Thacher’s computers, gave it to the middleman, and from February 2009 to February 2013, made for himself, family, friends and clients, more than $5.6 million.
Vladimir Eydelman, Colts Neck, NJ, allegedly began his illegal trading at Oppenheimer & Co., from March 2001-September 2012, then he began at Morgan Stanley and continued the scheme. They invested over $33 million in 13 transactions in four years.
Steven Metro, Katonah, New York, was charged with nine counts of securities fraud. Vladimir Eydelman is charged with eight counts of securities fraud. Also, both are charged with four counts of tender offer fraud and conspiracy to commit securities fraud.
Eydelman and Metro each face 25 years in prison.
According to FINRA's BrokerCheck, Vladimir Eydelman was registered with the following FINRA firms:
MORGAN STANLEY (CRD# 149777) Registered with this firm since 9/7/2012, recently terminated.
55 EAST 52ND STREET, 28TH FLOOR, NEW YORK, NY 10055
OPPENHEIMER & CO. INC. (CRD# 249) - NEW YORK, NY
01/2003 - 09/2012
CIBC WORLD MARKETS CORP. (CRD# 630) - NEW YORK, NY
03/2001 - 01/2003
VANGUARD CAPITAL (CRD# 22081) - SAN DIEGO, CA
06/2000 - 03/2001
MORGAN WILSHIRE SECURITIES, INC. (CRD# 44807) - GARDEN CITY, NY
08/1998 - 06/2000
WALSH MANNING SECURITIES, LLC (CRD# 30826) 11/1996 - 08/1998
E. C. CAPITAL, LTD. (CRD# 37447) - MINEOLA, NY
04/1996 - 11/1996
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