S&P Index Manager Charged With Insider Trading Scheme

Could it be true that after all the arrests, fines, ruined careers and incarcerations resulting from the insider trading scandals of a few years ago, not to mention the advanced technology and systems in place to identify any perpetrator foolish enough to still think they can get away with it, that someone would think THEY had the fool-proof system that WOULD work? S&P Index Manager Charged With Insider Trading Scheme

Its another case of folks who really should have read THE book. Unfortunately nobody grabbed them by the lapels or throat and insisted that they sit down and read it NOW, before they had a chance to also ruin their lives. 

My goal is to get the book I was gifted with writing in as many hands as possible, to prevent people from these kinds of mindless mistakes that destroy lives and hurt loved ones by explaining why the words in the title are true and a law of nature and physics and how it works. 

If you have anyone who you want to start or stay on the right track and save from the possibility of going off the cliff like these folks did, please get a copy to them asap!

An index manager of S&P Global Inc. was charged on Tuesday with being part of an insider-trading scheme that netted more than $900,000 in illegal profits by trading hours ahead of public announcements that companies would be added or removed from a popular stock market index.

S&P Index Manager Charged With $900,000 Insider-Trading Scheme

Updated on

An index manager of S&P Global Inc. was charged on Tuesday with being part of an insider-trading scheme that netted more than $900,000 in illegal profits by trading hours ahead of public announcements that companies would be added or removed from a popular stock market index.

S&P Index Manager Charged With Insider Trading Scheme
James Yang

The U.S. said Yinghang “James” Yang, engaged in the scheme from April 2019 to October 2019, executing securities transactions in an unidentified co-conspirator’s brokerage account based on non-public information he gleaned while on the job, according to acting Brooklyn U.S. Attorney Seth DuCharme. While neither prosecutors nor the U.S. Securities and Exchange Commission identified Yang’s employer, a person familiar with the matter who asked not to be identified discussing confidential information confirmed it was S&P.

Yang, 27, served as a Senior Index Manager at S&P, managing American stock market indices with more than $60 billion in asset value, and was privy to Index Committee discussions and related matters, including the identities of companies that might be added or removed from indices, according to the SEC.

S&P said Monday that the company had suspended Yang and that it is cooperating with authorities’ investigations.

“The allegations describe behavior that is contrary to our company’s code of conduct and deeply held ethical values,” April Kabahar, a spokeswoman for S&P Dow Jones Indices, said in a statement “We hold our employees to the highest standards of honesty and integrity.”

Jan Rostal, a lawyer for Yang, didn’t immediately respond to a phone call seeking comment.

Regulators said Yang passed inside information to his friend, Yuanbiao Chen, a manager at a Queens sushi restaurant, who then purchased call or put options in his own account.

A lawyer for Chen, who wasn’t part of the criminal case, couldn’t immediately be located.

Yang, who was arrested Monday, was ordered held without bail after making an initial court appearance before U.S. Magistrate Judge Roanne Mann in Brooklyn.

And if you happen to be a fan of Louise L. Hay or other forward thinkers/authors like her, you may appreciate my new journal of life affirming aphorisms called Thoughts to Live By. They are meant to be a tool to start or end the day, or referenced to calm the raging beast when life events throw us off balance, ie: a possibly useful antidote during these challenging times.

What Goes Around available at Amazon


Kirkus Reviews, the gold-standard for independent & accurate reviews, has this to say about

What Goes Around Comes Around:

A stable, positive, non preachy, objective voice makes the book stand apart from others in the genre. The author gives readers not just points or principles to ponder, but real human experiences that demonstrate them. A successful guide that uses anecdotes to reveal powerful truths about life.

~ Kirkus Reviews

“A stable, positive, non-preachy, objective voice makes the manual stand apart from others in the genre.  A successful guide that uses anecdotes to reveal powerful truths about life.” – Kirkus Reviews

“I’ve read a number of books that focus on sharing a similar message, including “The Secret” by Rhonda Byrne, “The Answer” by John Assaraf & Murray Smith, “The Celestine Prophecy” by James Redfield, “Think and Grow Rich,” by Napoleon Hill, and I must say that I find Rob’s to be my favorite. – Sheryl Woodhouse, founder of Livelihood Matters LLC

Lori Loughlin and Mossimo Giannulli Get Prison in College Admissions Case

Lori Loughlin and Mossimo Giannulli Get Prison in College Admissions Case