Anthony Elgindy

Anthony Elgindy (November 28, 1967 – July 23, 2015),[1] was an American stock broker, and financial commentator who founded Pacific Equity Investigations.

Towards the end of his life, Elgindy was convicted of insider trading and served seven years in federal prison.

When Armstrong McKinley came under investigation for taking bribes to recommend stock, Elgindy provided incriminating information to prosecutors.

[citation needed] After 2000, Elgindy began working with FBI agent Jeff Royer, and gave him information on companies he believed were engaging in illegal activity.

[4] In 2003, the National Association of Securities Dealers (NASD) ruled that Elgindy and his firm Key West Securities "engaged in a manipulative scheme in 1997 to inflate artificially the share price of Saf T Lok, Inc. through the entering of fraudulent quotations in the NASDAQ system, selling the stock short at the artificially high prices, and then taking active steps to depress the share price of Saf T Lok through the dissemination of negative research comments."