Earlier today, in federal court in Brooklyn, John Lowe and Richard Ringel pleaded guilty to securities fraud for their involvement in a multi-year insider trading scheme. Co-defendants David Cooper, a broker registered with the Financial Industry Regulatory Authority, and Randy Grewal pleaded guilty to securities fraud on September 22, 2025 and April 30, 2026, respectively. The proceeding was held before United States Magistrate Judge Taryn A. Merkl. When sentenced, the defendants each face a maximum sentence of 20 years’ imprisonment.
Source: U.S. Department of Justice