Sergei Polevilkov, Insider Trading, New York 2021

Former Analyst Sentenced for Insider Trading Scheme

A former quantitative analyst was sentenced to 33 months in prison for his role in an insider trading scheme that yielded over $8.5 million in illicit profits.

Sergei Polevilkov, 48, of Port Washington, New York, was sentenced by United States District Judge Lewis J. Liman on December 15, 2021.

Polevilkov was employed as a quantitative analyst at an asset management firm with headquarters in New York, New York from at least 2014 through October 2019.

During this time, Polevilkov engaged in a front-running scheme to misappropriate confidential information about pending trades by his former employer on behalf of its investment company clients.

The scheme allowed Polevilkov to profit by executing trades that took advantage of relatively small price movements in a company’s stock that followed large securities orders executed by the Employer Firm on behalf of its clients.

In total, Polevilkov’s scheme yielded more than $8.5 million in illicit profits.

Aside from his prison sentence, Polevilkov was ordered to pay $8,564,977 in forfeiture and a fine of $10,000.

United States Attorney Damian Williams praised the outstanding work of the Federal Bureau of Investigation and thanked the U.S. Securities and Exchange Commission for its assistance in the investigation.

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