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BMS Exec Charged with Insider Trading

Assistant treasurer Ramnarine accused of investing in companies targeted for acquisition by the drugmaker.

By David Voreacos and Drew Armstrong, Bloomberg | Updated on August 03, 2012

Bristol-Myers Squibb Co. executive Robert Ramnarine was charged with insider trading for making $311,361 in illegal profit by buying stock options in three companies targeted for acquisition.

The FBI arrested Ramnarine, 45, and he appeared today in federal court in Newark, New Jersey, where he was released on $250,000 bond. Ramnarine’s jobs included executive director of pensions and savings investments and assistant treasurer for capital markets.

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