Insider Trading ‘Rampant,’ Becoming Harder to Detect, Says U.S. Attorney for Southern District of New York
November 1, 2010 in Securities Regulation & Law Report · Leave a Comment
Insider Trading ‘Rampant,’ Becoming Harder to Detect, Says U.S. Attorney for Southern District of New York…
Appeals Court Reverses, Remands Decision on SEC Access to Wiretaps in Hedge Fund Manager Insider Trading Case
October 4, 2010 in Securities Regulation & Law Report · Leave a Comment
The U.S. Court of Appeals for the Second Circuit Sept. 29 vacated and remanded a district court decision allowing the Securities and Exchange…
Former IBM Executive Sentenced for Part in Large Hedge Fund Insider Trading Ring
September 15, 2010 in Alternative Investment Law Report · Leave a Comment
A former International Business Machines Corp. senior executive was sentenced in the U.S. District Court for the Southern District of New York Sept. 13 to six months in prison after he confessed to…
Ex-Deloitte Partner, His Son to Pay $1.1 Million for Insider Trading in Audit Client Securities
August 9, 2010 in Securities Regulation & Law Report · Leave a Comment
Thomas P. Flanagan, a former Deloitte & Touche LLP partner, and his son Patrick Flanagan agreed Aug. 4 in the U.S. District Court for the Northern District of Illinois to pay…
In Blow to SEC, Court Dismisses Charges in First Insider Trading Case Involving Swaps
July 1, 2010 in Alternative Investment Law Report · Leave a Comment
In a stunning defeat for the Securities and Exchange Commission, the U.S. District Court for the Southern District of New York June 25 dismissed the agency’s first…
Pequot Hedge Fund, Ex-Chairman Agree to Pay $28 Million; SEC Said They Had Tip on Microsoft Earnings
June 2, 2010 in Alternative Investment Law Report · Leave a Comment
Pequot Capital Management Inc., a once successful hedge fund that closed about a year ago, and its chairman and chief executive officer, Arthur Samberg, agreed May 27, in the U.S. District Court for…
Former IBM Executive Pleads Guilty to Role in Galleon Hedge Fund Insider Trading Case
April 6, 2010 in Securities Regulation & Law Report · Leave a Comment
Robert Moffat Jr., a former International Business Machines Corp. executive, pleaded guilty March 29 in the U.S. District Court for the Southern District of New York to conspiracy and securities fraud for tipping Galleon defendant Danielle Chiesi to material nonpublic information in what prosecutors said is the largest hedge fund insider trading case in history.
SEC’s New Market Abuse Unit Developing Technology to Analyze Trading Data
March 22, 2010 in Securities Regulation & Law Report · Leave a Comment
The Securities and Exchange Commission’s new Market Abuse unit is “actively developing” a sophisticated database to sort and analyze so-called “blue sheet” trading data to detect…
Galleon Insider Trading Case Defendants Ask Court Not to Allow SEC to Bypass Constraints on Wiretap Access
March 3, 2010 in Alternative Investment Law Report · Leave a Comment
Galleon defendants Raj Rajaratnam and Danielle Chiesi Feb. 25 urged the U.S. Court of Appeals for the Second Circuit not to allow the Securities and Exchange Commission…
Court Temporarily Stays Order for Galleon Insider Trading Defendants to Turn Over Wiretap Evidence to SEC
February 17, 2010 in Alternative Investment Law Report · Leave a Comment
In a lightning turn of events, the U.S. Court of Appeals for the Second Circuit has temporarily stayed a district court’s decision directing the Galleon defendants to hand over wiretap evidence to the Securities and Exchange Commission…
