As alleged in the complaint, although many of the defendants had accounts with Lehman, they often attempted to avoid detection by trading in the securities of the target companies in numerous accounts that were not associated with Lehman or Devlin. The complaint alleges that to further conceal their illicit trading, at least two of the defendants sold off some of the shares they had purchased based on inside information prior to public announcements of the deals. In addition, Devlin and one of his tippees arranged to buy shares on Devlin’s behalf so Devlin could profit from the nonpublic information but evade scrutiny.
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That said, Tarbell wouldn be a bad option as a backup. Although, it hard to tell whether his current salary would be considered high for a backup. There are some teams where their backups are getting paid more than Tarbell does while there are other teams with backups that make around $70K..
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