SEC
Whistleblower
Advocates

July 13, 2015

Frank Tamayo

Trading and Pricing

SANCTION AMOUNT: $1,056,969

Defendants: Frank Tamayo

Settlement of insider trading charge against a "middleman" who had a cooperation ageement. Sanction represents disgorgement only (this defendant's portion of a total of $5.6 million illicit profits realized). The defendant passed nonpublic information about acquisitions from his friend - a clerk at a big law firm - to his stockbroker in meetings at Grand Central Terminal. Info was conveyed by on post-it notes or napkins that defendant subsequently chewed up and ate.

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