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Ira Sokolow
Convicted Insider Trader; Shearson Lehman Investment Banker in the Dennis Levine Ring
Investment Banker, Shearson Lehman Brothers
Overview
Ira Sokolow was an investment banker at Shearson Lehman Brothers who participated in Dennis Levine's insider trading ring during the 1980s. Sokolow provided Levine with material nonpublic information about pending Shearson Lehman M&A transactions, which Levine traded on through secret Bahamian bank accounts. When Levine was caught and cooperated with prosecutors in 1986, Sokolow was identified and prosecuted. He pleaded guilty to insider trading conspiracy and was sentenced to one year and one day in federal prison.
Key Affiliations
Controversies & Concerns
Member of Dennis Levine's insider trading ring; fed him deal information from Shearson Lehman
Provided nonpublic M&A intelligence that Levine traded on through secret offshore accounts
Related Investigations (1)
Criminal Charges & Violations
1 documented violations
15 U.S.C. 78j(b), SEC Rule 10b-5Insider Trading Conspiracy: Passing material nonpublic M&A information to Dennis Levine(Federal)
Known Associates & Connections
Dennis Levine
Ringleader of the insider trading ring
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
- Born
- Unknown
- Birthplace
- United States
Education
Key Timeline
1980-1986
Provides inside M&A information from Shearson Lehman to Dennis Levine as part of trading ring
1986
Pleads guilty to insider trading conspiracy
1987
Sentenced to 1 year and 1 day in federal prison