An independent research analyst John Kinnucan was arrested Thursday night by Federal Agents at his home in Portland, Oregon, as part of an ongoing insider-trading investigation.

The researcher was charged with illegally providing hedge funds tips as a part of his consulting service.

It is reported by Reuters that, Kinnucan between the years 2008 and 2010 paid insiders with cash, trips and other perks to get secret information, including sales trends for Apple Inc’s iPhone.