Tuesday, 22 July 2014
Last updated 20 hours ago
Jul 21 2010 | 10:53am ET
Fresh from his victory over the Securities and Exchange Commission in a major hedge-fund insider-trading case, derivatives salesman Jon-Paul Rorech has found a new job.
Rorech, who had worked at Deutsche Bank before being charged with passing confidential tips to a Millennium Partners hedge fund manager, will join UBS next month, Dow Jones Newswires reports. He’ll serve as a managing director in the firm’s head fund credit sales department.
Rorech and former Millennium manager Renato Negrin were cleared last month by a federal judge, who ruled that the “inside tip” Rorech provided Negrin was actually public information. It was the SEC’s first insider-trading case involving credit default swaps.
The SEC is reportedly considering an appeal of that verdict.
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…