The U.S. Securities and Exchange Commission (SEC) has charged Anthony Viggiano, a former analyst at Goldman Sachs and Blackstone, with alleged insider trading related to numerous merger-and-acquisition (M&A) deals. The complaint was filed in the U.S. District Court for the Southern District of New York and accused Viggiano of sharing insider information about upcoming M&A deals and strategic partnerships with two friends.
The Chief of the SEC’s Market Abuse Unit, Joseph Sansone, stated that Viggiano violated his employers’ trust by misusing confidential information to enrich himself and his friends.
The complaint revealed that Viggiano passed insider tips on at least eight transactions between 2021 and 2023, resulting in illegal profits exceeding $580,000 from subsequent trades. The SEC has also charged the recipients of the insider tips, namely Christopher Salamone, Stephen Forlano, and Nathan Bleckley. Viggiano faces nine securities fraud and conspiracy charges.
Viggiano had worked at Blackstone for about seven months and at Goldman Sachs for over a year before his termination.
This case is part of a broader effort to combat insider trading, which has been a recurring issue involving individuals from various sectors, including politicians, high-profile figures, and financial professionals. The SEC continues to investigate and prosecute those who engage in insider trading, aiming to maintain market integrity and fairness.
By FCCT Editorial Team
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