(CNBC) A former JPMorgan Securities analyst was arrested Tuesday and charged for his alleged role in an insider trading scheme that netted more than $600,000 in profit.
The Securities and Exchange Commission claims the analyst, 27-year-old Ashish Aggarwal, gathered nonpublic information about acquisition deals from colleagues while working at the firm from 2011 to 2013. He then allegedly tipped off Shahriyar Bolandian, who used the data to trade in personal and family member accounts.
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