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Oppenheimer adviser gets buy canada goose jacket cheap six months in U
(Corrects paragraph 6 to say that Michael Maciocio is no longer a Pfizer employee)
By Brendan Pierson
March 15 (Reuters) A former investment adviser canada goose clearance sale at an Oppenheimer Canada Goose Coats On Sale Holdings Inc was sentenced to six months imprisonment Wednesday after he pleaded guilty to insider trading based on information from a childhood friend canada goose deals working at Canada Goose Jackets Pfizer Inc. 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.
Prosecutors had sought canada goose coats a sentence of canadian goose jacket at canada goose outlet toronto factory least two years.
Prosecutors charged that Hobson, a Providence, Rhode Island resident, began his Canada Goose Outlet insider trading in Canada Goose Parka 2008 canada goose store while working at canada goose black friday sale Royal Bank of Canada unit RBC Capital Markets and continued more info at Oppenheimer Co Inc.
Hobson pleaded guilty to the charges last October. He admitted that he traded on canada goose outlet store locations inside information from Michael Maciocio, who at the time was a director of chemical research and development at Pfizer.
Maciocio, who pleaded canada goose guilty in May as part of a deal to cooperate with prosecutors, no longer works at Pfizer.
Maciocio duties included evaluating whether Pfizer would buy canada goose jacket be able to manufacture drugs being developed cheap Canada Goose by other companies that Pfizer might buy or partner with, according to prosecutors.
While Maciocio was not typically Canada Goose online told canada goose coats on sale the identities 2018 canada goose outlet of companies in potential deals, he was often able to identify them through his own research, sometimes with Hobson help, prosecutors said.
Maciocio then passed the Canada Goose sale information to Hobson, his stockbroker, https://www.canadagoose-coats.ca who executed trades in accounts belonging to himself, Maciocio, and clients of Oppenheimer and RBC, prosecutors said.
Trades by Hobson in the stocks of Medivation Inc, Ardea Biosciences Inc and Furiex Pharmaceuticals Inc resulted in profits of canada goose replica $165,000 for himself, $40,000 Canada Goose Online for Maciocio and canada goose clearance $150,000 for certain of Hobson clients, prosecutors said. v. District Court, Southern District of New York, No. 16 cr 351. (Reporting by Brendan Pierson in New York).