Tuesday, 16 September 2014
Last updated 11 hours ago
Sep 16 2010 | 1:43pm ET
A government informant in the Galleon Group insider-trading case has settled charges that he was trading on confidential information long before he wore a wire.
David Slaine agreed to pay $836,385 in disgorgements of illegal profits to settle the Securities and Exchange Commission case. The SEC sued Slaine in February, after his December guilty plea on seven-year-old insider-trading charges. Slaine admitted to trading on non-public information while at Chelsey Capital in 2002.
Slaine previously agreed to forfeit $532,287 as part of his guilty plea, a sum that will go towards his SEC settlement. He still faces up to 25 years in prison when he is sentenced.
Slaine wore a wire that produced some of the wiretaps at the heart of the government’s case against Galleon founder Raj Rajaratnam and the 20 others ensnared in the scheme.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?