Friday, 25 July 2014
Last updated 20 min ago
Dec 17 2009 | 12:25pm ET
The government’s star witness against Galleon Group founder Raj Rajaratnam has pleaded guilty for the second time to insider-trading.
Khan, who previously admitted to trading on confidential information in 2002, had her guilty plea accepted by a federal judge in New York today, nearly two months after she entered it. She is cooperating with investigators in the insider-trading probe that has snagged Rajaratnam and 20 others. Rajaratnam and one of his co-defendants, former New Castle Partners executive Danielle Chiesi, were formally indicted on Tuesday for their roles in the $20 million trading ring.
Both Rajaratnam and Chiesi have proclaimed their innocence.
Khan is a former Intel analyst and Galleon employee.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…