Home / Crime and Justice / Ex-Trader Confesses: $220K Illicit Gains from Insider Info
Ex-Trader Confesses: $220K Illicit Gains from Insider Info
1 Sep
Summary
- Former equity trader used confidential job info for personal stock trades.
- Illegal trading generated $220,912 in profits over 15 occasions.
- Sentenced to prison, supervised release, and a significant fine.
Ryan Squillante, a 40-year-old former head of equity trading, has confessed to a securities fraud scheme that yielded $220,912 in illicit profits. Working remotely for Irving Investors, Squillante exploited his access to material nonpublic information, trading on it for personal gain on 15 occasions between August 2022 and May 2023.
His scheme included a notable trade involving Praxis Precision Medicines, where he profited $46,421 by short-selling shares before negative drug trial results were publicly announced. Squillante pleaded guilty in June 2025 and was subsequently sentenced to two months in federal prison, 18 months of supervised release, and a substantial $331,368 fine.
