Couples Who Trade Together
Won't Stay Together in Jail

Don't be surprised if the Feds start sniffing out insider traders by perusing the New York Times wedding announcements or wiring the offices of Manhattan marriage counselors.

Jennifer Wang, a former Morgan Stanley vice president, and her husband Ruben Chen, formerly a hedge fund analyst at ING Investment Management, were arrested Thursday on charges of trading on inside information.

It was the same day that another couple, former Morgan Stanley compliance officer Randi Collotta and her husband Christopher Collotta, pleaded guilty to insider trading charges.

Love and money. Two elixirs so powerful they have a tendency to spontaneously combust when combined.

Federal prosecutors in New York allege that Wang and Chen illegally traded three securities in an account held in her mother's name.

From December 2005 through March 2007, the couple traded shares of Town and Country Trust, Glenborough Realty, and Genesis Healthcare. Morgan Stanley's finance department was involved in the potential acquisitions of all three companies.

Wang, 31, allegedly passed the information to Chen, 34, who placed the trades. The couple netted $600,000 in profits, according to the U.S. Attorney in New York.

by Megan Barnett