Newark man indicted over multimillion-dollar insider trading | JQJO

NEWARK, N.J. — Federal prosecutors have unsealed a criminal indictment and parallel civil charges accusing Justin Jennings, 27, of Rockaway Township, of orchestrating a $2.7 million insider trading scheme. The U.S. Attorney’s Office for the District of New Jersey and the Securities and Exchange Commission filed the charges on Wednesday, June 24, 2026. Authorities allege that Jennings, a New Jersey resident and former professional soccer player who previously played in Europe, executed securities trades that generated more than $2.7 million in unlawful profits. Prosecutors say the alleged conduct reflects a serious breach of securities laws designed to protect market integrity and ensure that all investors operate on a level playing field.

NEWARK, N.J. — The case underscores ongoing federal enforcement efforts targeting insider trading and other forms of market abuse, and it highlights coordination between criminal prosecutors and civil securities regulators in pursuing alleged misconduct. By bringing both criminal charges and an SEC civil action, authorities are seeking to hold Jennings accountable under multiple legal frameworks while sending a broader deterrent message to market participants. The joint announcement by the U.S. Attorney’s Office and the SEC signals that regulators are continuing to prioritize insider trading investigations in the region and are prepared to act when they believe individuals have improperly profited from non-public information.