Ex-trader admits to second insider trading scheme

News items involving ethics ( specially related to finance and banking, news that is within a year or within 5 months)

Describe the case, and answer the questions below using the ethics matrixes. Using the news article regarding Ex-trader admits to second insider trading scheme and other researched information, please analyze this case using the ethical matrixes below, and also answer the questions below.

Ethics Issues Matrix

Issue	Trust	Fairness	Efficiency	Competence
Conflict of interest
Fiduciary Responsibility
Power Asymmetry
Information Asymmetry
Moral Hazard
Social Responsibility

Ethics Stakeholders Matrix

Who suffers?	Trust	Fairness	Efficiency	Competence
Client(s)
Client's families/ my family
Colleagues/partners
Employer/Firm
Professional Association
The "Market"
Society

1.What happened ?

2.What was the Ethical Issue ?

3.Who suffered?

4.What penalties were given?

5. What CFA standard was violated?