Robert Yedid Subject of SEC Complaint Alleging Insider Trading

Robert Yedid (CRD #: 1185909), a broker formerly registered with LifeSci Capital, is the subject of an SEC complaint, according to his BrokerCheck record, accessed on September 14, 2025. Read on to learn more about his alleged conduct as a broker.

SEC Civil Complaint

On August 14, 2025, the Securities and Exchange Commission filed a civil complaint naming Robert Yedid, Andrew Kaufman, and Mark Jacobs in allegations of insider trading.

The SEC alleged that, during the relevant period of at least 2019 through 2024, Robert Yedid served as a Managing Director for a consulting firm assisting pharmaceutical and biotechnology companies with investor communications.

His position allegedly allowed him to obtain material nonpublic information about the firm’s public company clients, including drug trial results and financial and regulatory information. He allegedly shared this information with his friends, the other defendants, who used it to engage in insider trading. Andrew Kaufman allegedly shared his proceeds with Robert Yedid.

The defendants allegedly used Robert Yedid’s tips to collectively trade in the securities of five issuers to net total profits exceeding $516,000.

The SEC alleged that the defendants violated the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. This complaint is currently pending.

Securities Exchange Act of 1934

Section 10(b) of the Securities Exchange Act of 1934 forbids the use of manipulative or deceptive devices in relation to the purchase or sale of securities. Rule 10b-5 extends this to include fraudulent schemes, untrue statements and omissions of fact.

Criminal Charges

On June 6, 2025, Robert Yedid pled guilty to charges of securities fraud and conspiracy to commit securities fraud.

FINRA Suspension

On December 19, 2024, Robert Yedid consented to the entry of findings that he allegedly shared $6,000 in transaction-related compensation with an unregistered person in 2021.

A Letter of Acceptance, Waiver & Consent (AWC) alleged that Robert Yedid referred an issuer of a secondary public offering to his firm, LifeSci Capital, which served as co-manager for the offering in February 2021. The firm allegedly compensated Robert Yedid for the referral in the form of a percentage of the co-manager fees the firm earned.

Robert Yedid allegedly shared $6,000 of this compensation with an individual that he knew was not registered. This individual was allegedly also an employee of a LifeSci Capital affiliate and supported the secondary public offering as a member of the issuer’s investor relations team.

The AWC concluded that these allegations constitute violations of FINRA Rules 2040 and 2010.

FINRA Rule 2040

FINRA Rule 2040 prohibits members from directly or indirectly compensating unregistered individuals who, because of the reason they were compensated, would need to be registered broker-dealers under applicable federal securities laws.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Robert Yedid consented to the following sanctions:

• 15 business-day suspension from associating with FINRA members
• $2,500 fine

His suspension ran from January 6 to January 27, 2025. You can read the full AWC here.

Background Information

Robert Yedid has passed the following exams:

• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7

He previously worked for the following firms:

• LifeSci Capital (CRD#:168404)
• Counsellors Securities (CRD#:15654)
• Bear, Stearns & Company (CRD#:79)
• Salomon Brothers (CRD#:740)

Kurta Law Can Help

If you worked with Robert Yedid and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.