NEW YORK (AP) - A former Oppenheimer & Co. Inc. financial adviser accused of teaming up with a childhood friend who worked at Pfizer to trade on secrets about acquisitions the drugmaker was considering was arrested on insider trading charges Friday.
David Hobson was arrested at his home in Providence, Rhode Island, and later was released after an appearance in federal court in Providence.
Ex-Oppenheimer & Co. employee faces insider trading charges
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