Securities Law

Former N.Y. Associate Disbarred After Fraud Conviction

A former Ropes & Gray associate was disbarred yesterday after he previously pleaded guilty to securities fraud in a case that stemmed from a wide-ranging insider-trading matter.

Brien Santarlas admitted last year to selling information about deals his ex-firm was working on, in exchange for more than $30,000 in kickbacks, the New York Law Journal reports (reg. req.). Charges were also brought against Ropes & Gray associate Arthur Cutillo and personal injury lawyer Jason Goldfarb; both matters are still pending.

Santarlas agreed to a $32,500 settlement with the Securities and Exchange Commission in July, according to the New York Law Journal.

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