(Bloomberg) -- A Morgan Stanley broker and the managing clerk at the law firm Simpson Thacher & Bartlett LLP were arrested today for an insider-trading scheme that authorities said netted $5.6 million in illicit profit.

Steven Metro, 40, the managing clerk at Simpson Thacher in New York, was accused of stealing confidential data on 13 corporate transactions and tipping a middleman who passed it to the broker, Vladimir Eydelman, 42, according to an arrest complaint in U.S. court in Newark, New Jersey.

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