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Former Oppenheimer broker pleads guilty to insider trading

David Hobson exploited inside information provided by his friend, who worked at a pharmaceutical company.

A former Oppenheimer & Co. investment adviser in Providence, R.I. has pled guilty to an insider trading scheme involving a pharmaceutical company.

David Hobson, 47, admitted that he exploited inside information provided by his friend and client, Michael Maciocio, to reap illegal profits, Preet Bha

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