Alleged insider trader nabs Laurel pad

TRD New York /
Apr.April 23, 2012 06:30 PM

A Turkish trader who controls two firms that were sued by the Securities Exchange Commission last summer for insider trading is the latest international buyer to score a luxury Manhattan pad. The New York Observer reported Yomi Rodrig paid $4.8 million for a 28th floor unit in the Laurel condominium, at 400 East 67th Street.

The 2,285-square-foot apartment has three bedrooms and three bathrooms. The Lenox Hill building has a fitness center, multiple swimming pools and a children’s play area. Corcoran Sunshine Marketing Group was listing the unit for $5.33 million.

Rodrig’s latest trading troubles stemmed from his purchase of millions of dollars of Arch Chemicals shares days before Swiss Lonza Group announced its $1.2 billion purchase of the company. But it wasn’t his first run-in with the SEC. In 2005, he relenquished $4.8 million in profits and $1.4 million in fines to settle a short-selling charge. [NYO]

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