On September 23, 2025, Connecticut resident Ryan Squillante was sentenced to two months of imprisonment, 18 months of supervised release, and was ordered to pay a $331,368 fine for his role in an insider trading scheme. In June 2025, Squillante pleaded guilty to one count of securities fraud for allegedly engaging in unlawful securities transactions while in possession of material nonpublic information.
According to court documents and statements made in court, Squillante obtained MNPI regarding various publicly-traded companies while working as the Head of Equity Trading for Colorado-based Irving Investors. Between August 2022 and May 2023, he allegedly traded in securities of these companies for his personal benefit on 15 separate occasions while in possession of MNPI. According to federal prosecutors, the unlawful trades generated $220,912 in total profits.
USAO for the District of Connecticut Press Release | Sentencing Hearing Minutes | Information