Sign in to comment!

Menu
Home

CRIME

Director of market intelligence at NY investor firm charged with insider trading in NY court

The director of market intelligence at an investor relations firm has been arrested in New York on insider trading charges after authorities said he earned more than a half-million dollars trading illegally.

Michael Lucarelli was arrested Tuesday. He was a director at Lippert/Heilshorn & Associates Inc., an investor relations firm based in Manhattan.

Authorities say Lucarelli made the illegal trades using information from the working drafts of press releases his company prepared for its clients.

Prosecutors say he violated his company's policies and his responsibility to clients when he traded ahead of public announcements about the earnings of various companies. Authorities say Lucarelli carried out his insider trading scheme from at least August 2013 through this month.

It was not immediately clear who would represent Lucarelli in court.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.79% dw 3.84%  
15 Y Fixed Graph 2.90% dw 2.95%  
30 Y Fixed Jumbo Graph 4.36% up 4.28%  
5/1 ARM Graph 3.23% -- 3.23%  
5/1 Jumbo ARM Graph 3.54% dw 3.64%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.75% dw 4.76%  
$50K HELOC Graph 4.05% up 4.04%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.35% -- 4.35%  
$75K Loan Graph 4.35% -- 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.67% up 2.65%  
36 M Used Graph 3.18% up 3.17%  
48 M New Graph 2.94% up 2.93%  
48 M Used Graph 2.79% -- 2.79%  
60 M New Graph 3.06% up 3.04%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.41% up 0.40%  
1 yr Graph 0.71% dw 0.72%  
5 yr Graph 1.45% -- 1.45%