A Dublin financial analyst was arrested and brought to federal court in Oakland on Wednesday on charges of an insider trading securities fraud that allegedly generated $8.2 million in illegal profits. Saleem Mohammad Khan, 53, was charged in a May 25 grand jury indictment with one count of conspiring to commit securities fraud and seven counts of engaging in securities fraud by trading in Ross Stores Inc. stock on the basis of inside information between 2009 and 2012.

The inside information was allegedly provided by a colleague who was a manager in the discount store chain’s finance department and had advance knowledge of sales figures before they were released publicly. Khan had an initial appearance in Oakland on Wednesday before U.S. Magistrate Kandis Westmore, who released him on $300,000 bond. His next appearance is an arraignment before U.S. Magistrate Donna Ryu on June 7.

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