Feds arrest SF woman for insider trading fraud

A San Francisco woman was arrested by the FBI Tuesday for obstructing and impeding the due process of the law, U.S. Attorney Melinda Haag announced.

Annabel McClellan, 38, was arrested for allegedly “influencing, obstructing and impeding” an investigation by the U.S. Securities and Exchange Commission into a securities fraud and insider trading relating to purchases and sales of securities issued by public companies in the United States.

The arrest is part of a parallel investigation involving the Department of Justice, SEC and London-based Financial Services Authority.

If convicted, McClellan faces five years in prison and a fine of $250,000, according to the Department of Justice.

McClellan appeared in court Tuesday morning and was released on $250,000 bond. She is scheduled to appear before U.S. District Court Judge William H. Alup Dec. 14.

In a released statement, Haag said the entire investigation is ongoing.

“It demonstrates our ability and commitment to working with international authorities to investigate financial fraud overseas,” Haag said.

akoskey@sfexaminer.com

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