Former Richmond bank examiner sentenced to two years in prison for insider trading

RICHMOND, Va. (WRIC) -- A former bank examiner for a Richmond federal bank has been sentenced to two years in prison for insider trading as well as making false statements regarding his involvement.

According to court records, Robert Brian Thompson -- a former bank examiner and senior manager at the Federal Reserve Bank of Richmond (FRBR) -- was sentenced on Tuesday, March 25, for one count of insider trading and one count of false statements made in regard to the initial accusations.

Court records show that Thompson was sentenced to two years in prison for the insider trading count, along with two years supervised release and a $100 fine.

The same sentence was given for the false statements count, but his time spent in prison and on supervised release were ordered to be served concurrently.

This sentencing comes after Thompson pleaded guilty to carrying out around 69 trades that resulted in $771,678 of personal gains during his time at FRBR.

The positions he served at the bank reportedly gave him access to confidential information, aiding him in purchasing and selling stocks as part of an insider trading operation that ran from October 2020 to February 2024.