A former stockbroker has been arrested by the FBI and accused of trading on information contained in stolen advance copies of Business Week magazine.
David Pajcin is alleged to have paid a printer to give him the magazine and then bought shares in 10 firms tipped by its “Inside Wall Street” column.
He has denied the claims and returned from a holiday to fight the charges.
Mr Pajcin was caught up in a separate insider trading case earlier this year regarding shares of sports firm Reebok.
In August, the Securities and Exchange Commission (SEC) named Mr Pajcin as a defendant in a case centred around “highly suspicious” share trades in the lead up to Reebok’s sale to rival Adidas-Salomon.