Hollis man charged with insider trading while employed by major international Manhattan-based law firm: Feds

A Hollis man was arrested Thursday, Nov. 12, in Queens and a criminal complaint was unsealed in Brooklyn federal court charging him with insider trading in the shares of five companies listed on the New York Stock Exchange (NYSE) and NASDAQ. Chetram “Tony” Balli, 54, a longtime document processing specialist at the white-shoe law firm Cravath, Swaine & Moore LLC in Manhattan, was arraigned Nov. 12. As alleged in the criminal complaint, Balli misused material non-public information (MNPI) related to the law firm’s clients to trade ahead of major mergers and acquisitions. The criminal complaint alleges that Balli made over $70.000 in profit on his trades between April 2025 and October 2026. “As alleged, Balli repeatedly traded on inside information that he misappropriated from his employer and his employer’s clients,” U.S. Attorney for the Eastern District of New York Joseph Nocella said.

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