Two N.Y. Men Accused of Trading on Inside Information From S&P Dow Jones Indices

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Two New York men are accused of making more than $900,000 trading on information about index changes before it was released to the public

Yinghang “James” Yang, a senior index manager, and his friend, Yuanbiao Chen, a manager at a sushi restaurant, were accused of running the scheme for several months last year, according to documents filed in Brooklyn federal court. Mr. Yang was charged with securities fraud and has been arrested.

PREVIEWSUBSCRIBE The two Queens men stopped in October 2019 after Mr. Chen’s brokerage firm asked some questions about his occupation and sources of money, according to a complaint filed by the Securities and Exchange Commission against the two men.

 

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Honestly how tf do you expect the general public to not do insider trading when we have an economy built on the value of connections and congressmen who do the same?

So what the politicians get away with it!

Eric and Don Jr.?

“All, small and large, rich and poor, free and slaves, receive a mark on their right hand or on their forehead, and that no one can buy or sell, without having the mark, the name of the beast or the number of his name ”(Revelation 13: 16-17).

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