Pursuits
Trader Who Got Stock Tips From Fired KPMG Partner Issues Apology
This article is for subscribers only.
Bryan Shaw, a trader who said he received insider tips from fired KPMG LLP partner Scott London, apologized and said he’s been cooperating with the Justice Department and U.S. Securities and Exchange Commission.
“During 2010 through 2012, I received non-public information from Scott London about a number of companies and then profited substantially from stock trades based upon that information,” Shaw said in a statement provided yesterday by Nathan Hochman, a lawyer at Bingham McCutchen LLP in Santa Monica, California. “I cannot begin to apologize for my incredibly stupid actions.”