WASHINGTON, July 7 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
Earlier today, in federal court in Brooklyn, Justin Chen was sentenced by United States District Judge Orelia E. Merchant to 27 months in prison for insider trading conspiracy. Chen was previously employed at an EDGAR filing company and was responsible for reviewing draft securities filings before they were filed on the Securities and Exchange Commission's EDGAR filing system. Chenmisused material non-public information taken from his employer to trade in the securities of 13 publicly traded companies, making at least $2.38 million in profits. In addition to the custodial sentence, Judge Merchant or...