Illi­nois man ac­cused of in­sid­er trad­ing af­ter mak­ing near­ly $100K on Pfiz­er-Ar­ray buy­out

A sub­ur­ban Chica­go man who used in­sid­er in­for­ma­tion he got from his spouse, who worked at Ar­ray Bio­Phar­ma, to make near­ly $100,000 from buy­ing and sell­ing stock op­tions will now face charges in a fed­er­al court, ac­cord­ing to gov­ern­ment doc­u­ments.

The spouse and com­pa­nies in­volved are un­named by the US At­tor­ney’s Of­fice for the North­ern Dis­trict of Illi­nois, which put out a press re­lease Wednes­day, and in court records. But a re­lease and com­plaint from the SEC spec­i­fied the al­le­ga­tions: The “sub­ur­ban Chica­go man,” Bri­an Ru­bin, is fac­ing ac­cu­sa­tions of buy­ing stock op­tions in Ar­ray be­fore it was an­nounced that it would be ac­quired by Pfiz­er for $11.4 bil­lion in June 2019.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER