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Securities analyst Kinnucan who defied FBI gets prison in insider case

Jan 16 2013 Reuters

A securities research analyst who had publicly refused to cooperate in the U.S. government's sweeping insider-trading probe was sentenced to more than four years in prison on Tuesday after admitting he supplied hedge funds with illegal tips. John Kinnucan, who had run Broadband Research LLC in Portland, Oregon, has been in custody since his arrest last year after failing to meet bail. He appeared gaunt and wore a full beard as he apologized briefly before he was sentenced in U.S. District Court in Manhattan. "I'd just like to say I'm very sorry to everyone involved," he told U.S. District Judge Deborah Batts. "It wasn't my intention and I'm deeply sorry." Including credit for time already served, his prison sentence will run at least another three years, according to prosecutors. Kinnucan, 55, gained wide attention in the financial world in late 2010 with his public refusal to wear an FBI wire to cooperate with the government's trading probe. His research

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