RICHMOND, Va. (WRIC) — A former bank examiner for a Richmond federal bank is accused of using confidential information to engage in insider trading, through which he allegedly made over $750,000 in profit.
On Friday, Nov. 8, criminal information was filed in the Virginia Eastern District Court accusing Robert Brian Thompson, of Chesterfield County, of insider trading and making false statements during his time as a bank examiner.
Thompson was a bank examiner for the Federal Reserve Bank of Richmond (FRBR) — one of the multiple banks associated with the Federal Reserve System — at the time of his alleged crimes. The FRBR, among its several responsibilities, supervises and examines banks that are members of the Federal Reserve and bank holding companies.
As of 2018, Thompson was a Senior Manager and served as the point of contact for a North Carolina-based bank called “Bank 1” in court documents. This reportedly gave him access to confidential information relating to Bank 1.
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