Ex-Oppenheimer adviser gets six months in U.S. insider trading case


A former investment adviser at an Oppenheimer Holdings Inc was sentenced to six months' imprisonment Wednesday after he pleaded guilty to insider trading based on information from a childhood friend working at Pfizer Inc. David Hobson, 48, was sentenced in federal court in Manhattan by U.S. District Judge Laura Taylor Swain, who recommended Hobson serve his sentence at a halfway house. Hobson was also ordered to forfeit more than $385,000.



from Biotech News