Ex-Yahoo executive, fund manager plead guilty to insider trading

Robert Kwok and Reema Shah exchanged illegal information on publically traded companies

This has been the month of Yahoo executives behaving badly. Just a week after CEO Scott Thompson resigned for lying on his resume, another of the company’s higher-ups has landed in hot water, this time for insider trading.

Robert Kwok, a former senior director of business management at the Internet company, and Reema Shah, a mutual fund manager at Ameriprise Financial Inc., pleaded guilty to one count of conspiracy to commit securities fraud in a Manhattan federal court on Monday.

Alanna Byrne

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