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Former broker indicted, sued in US over insider trading, obstruction allegations

( March 30, 2026, 20:35 GMT | Official Statement) -- MLex Summary: Ronald Smith, a Connecticut resident and former representative for a New York-based broker-dealer, was indicted by federal prosecutors and sued by the US Securities and Exchange Commission over an insider trading scheme in which he allegedly used confidential corporate deal information stolen from an investment bank to make millions of dollars in illicit profits trading on behalf of himself, his girlfriend and his brokerage clients.Statements follow below. Documents attached....

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