Bill Tsai, a junior analyst at RBC Capital Markets, was charged with insider trading on Monday just one year after graduating from college, according to a release from the Securities and Exchange Commission.
The SEC also filed a related civil lawsuit in Manhattan. Tsai is accused of trading options before the April 15 announcement that Siris Capital Group would acquire the digital printing company Electronics for Imaging.
Tsai — who completed his undergraduate studies at New York University’s Stern School of Business in 2018 — “learned of the impending acquisition through his work,” the complaint alleged. He is accused of doing so from a personal account he had previously concealed from his employers at RBC. The SEC’s release said that Tsai’s actions netted him a profit of $98,750.
Tsai’s LinkedIn page indicates he served on NYU Stern’s student council from September 2015 to May 2018, serving as president in 2018. He joined RBC as an investment-banking analyst in July 2018, his LinkedIn page said.