Walter “Chet” Little, a real estate and banking partner at Bradley Arant Boult Cummings who joined the firm’s Tampa office last summer, has been hit with criminal insider trading charges by federal prosecutors in New York.

Little, 43, and his alleged business associate Andrew Berke, 49, are accused of using nonpublic information to make $1 million in illicit profits through options and stock trading, according to a statement and 26-page complaint released late Thursday by the U.S. attorney’s office in Manhattan. The U.S. Securities and Exchange Commission has also filed a parallel civil case against both defendants.

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