SAN FRANCISCO — The U.S. Securities and Exchange Commission charged a former J.P. Morgan analyst on Tuesday with insider trading for tipping a college friend to imminent deals, including Salesforce.com’s $2.5 billion acquisition of ExactTarget.
A complaint filed in U.S. District Court for the Central District of California alleges that Ashish Aggarwal, who worked for J.P. Morgan in San Francisco, passed along information to a college friend, Shahriyar Bolandian, who in turn shared the information with his coworker and childhood friend Kevan Sadigh. Bolandian and Sadigh used the information for a series of trades that made them more than $672,000, according to lawyers for the SEC.
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