Ex-Oppenheimer adviser to plead guilty in U.S. to insider trading

Ex-Oppenheimer adviser to plead guilty in U.S. to insider trading


A former investment adviser at an Oppenheimer Holdings Inc unit plans to plead guilty on Tuesday to charges that he traded on inside information supplied by a childhood friend working at Pfizer Inc, according to his lawyer. David Hobson, 47, will plead guilty in Manhattan federal court to conspiracy and securities fraud charges over conduct prosecutors said began while he was at Royal Bank of Canada unit RBC Capital Markets and then continued at Oppenheimer & Co Inc, Michael Bowers, his lawyer, said in an email.



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