Former Richmond bank examiner accused of profiting over $750,000 by insider trading

Former Richmond bank examiner accused of profiting over $750,000 by insider trading

A former bank examiner for a Richmond federal bank is accused of using confidential information to engage in insider trading, through which he allegedly made over $750,000 in profit.

SEC charges ex-Fed examiner with insider trading

The Securities and Exchange Commission accused Robert Thompson, former supervisor with the Federal Reserve Bank of Richmond, of trading New York Community Bank and Capital One stock based on material nonpublic information.

Former Richmond Fed bank examiner charged with insider trading - Richmond BizSense

The Federal Reserve Bank of Richmond’s building downtown at 701 E. Byrd St. A former Federal Reserve Bank of Richmond employee is facing criminal and civil charges for allegedly pocketing hundreds of thousands of dollars by using illegal inside information to trade on the stocks of the same financial institutions he was tasked with examining. Robert Brian Thompson, 43, was charged earlier this month by the U.S. Attorney’s Office with insider tra…