A husband and wife couple accused of conspiracy and insider trading pleaded guilty in a Federal District Court in Manhattan yesterday. Jennifer Wang, a former finance vice president at Morgan Stanley, and Ruben Chen, a former hedge fund analyst at ING, were arrested on May 10 for trading securities based on insider information, which Wang learned due to her position at Morgan Stanley. They pleaded guilty to one count of conspiracy and three counts of insider trading each.

The pleas come in a year when prosecutors have ramped up action against insider trading. In an unrelated case, a Morgan Stanley compliance officer and her husband pleaded guilty to insider trading last May as well.

Read the story as presented in the New York Times.