Home > Blog > Archive for March, 2014

Archive for March, 2014


Former Morgan Stanley and Oppenheimer broker charged with insider trading

Vladimir Eydelman, the former Morgan Stanley and Oppenheimer Holdings broker arrested on insider trading charges last week, could expose some former clients and the firms to regulatory and legal actions, lawyers and securities industry veterans said.

Eydelman, who was charged with fraud on March 19 by the SEC and the Justice Department, allegedly made more than $5.6 million in illicit profit over three-and-a-half years for himself, friends and more than 50 clients, by trading in securities of companies involved in undisclosed merger deals and tender offers that were leaked by a law-firm employee.

The cloak-and-dagger details of the insider operation – including how a middleman swallowed Post-It notes scribbled with ticker symbols to be traded – made headlines.  FINRA has said that examining procedures at brokerage firms for weeding out the bad apples is one of its priorities this year.

Eydelman, 42, had a history of job-hopping, a record of customer complaints and an apparent burst of productivity in recent years, according to the lawsuits and FINRA filings.  Though he settled down more recently to work at just two firms over the last 13 years – he was at Oppenheimer for almost ten years before moving to Morgan Stanley in September 2012 – the lawsuits abound with examples of areas where Eydelman apparently evaded compliance overseers.

The Importance of Selection of Counsel

The retention of an attorney is an important decision made with great care. Please review our web site and examine our experience and credentials.


Contact Us