As a compliance officer for Morgan Stanley, Randi Collotta worked with her husband to leak secrets to her friend Marc Jurman, a broker in Florida. The SEC accused the couple of taking $9,000 in kickbacks for trading, and they both admitted they were wrong.

Randi Collotta reportedly cried during the hearing while the couple faced the music. The couple agreed not to appeal the case so long as the sentence was under a certain amount of time.

Randi Collotta was a compliance lawyer at Morgan Stanley and had access to information on several pending transactions, including the 2004 deal by Penn National Gaming to buy Morgan Stanley client Argosy Gaming; the 2005 deal between Adobe Systems and client Macromedia; the 2005 deal by ProLogis to buy Morgan Stanley client Catellus Development; and the 2005 deal byUnitedHealth Group to acquire client PacifiCare Health Systems.

Manhattan prosecutors said Thursday that the Collottas provided material nonpublic information about upcoming deals involving Morgan Stanley clients to Marc Jurman, a Florida-based broker, who traded on the information. Jurman has already pleaded guilty in the case.

The SEC also has been probing whether employees at investment banks are tipping favored hedge fund clients with non-public details of upcoming transactions to keep or win more business.

In the arrest case Thursday, prosecutors said Morgan Stanley research analyst Jennifer Wang passed along material information she accessed at Morgan Stanley to her husband, Ruben Chen, and the two allegedly traded on the information in an account set up in Wang’s mother’s name. They are each charged with one count of conspiracy and three counts of securities fraud, facing a possible prison term of 65 years.

Last week, prosecutors arrested a former Credit Suisse investment banker and charged him with insider trading in several transactions for clients of the firm over the course of the last year, including trading in options of Houston energy firm TXU days before it agreed to a $32 billion buyout by Kohlberg Kravis Roberts and Texas Pacific Group.