Former N.Y. Associate Disbarred After Fraud Conviction
Posted Nov 17, 2010 4:23 PM CST
By Rachel M. Zahorsky
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.