Former NY analyst charged with insider trading on ADT deal

April 14, 2016 05:09

A former analyst at a New York investment fund was arrested on Wednesday on charges that he made approximately $1.5 million trading on inside information about Apollo Global Management's nearly $7 billion deal for security company ADT Corp.

John Afriyie, the ex-analyst, was charged with one count of securities fraud in a criminal complaint filed in federal court in Manhattan, US Attorney Preet Bharara said in a statement.

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