SEC Seeks Info On Rajaratnam's Brother From Kinnucan

Dec 16 2010 | 2:30pm ET

John Kinnucan, the research firm founder at the center of the Justice Dept.'s widening insider-trading investigation, has received another subpoena.

The information request from the Securities and Exchange Commission comes less than two weeks after the Broadband Research chief got one from the Federal Bureau of Investigation. The new subpoena seeks information about Sedna Capital Management, the now-defunct hedge fund founded by Regnan Rajaratnam, the brother of Galleon Group founder and insider-trading defendant Raj Rajaratnam.

Kinnucan, who became something of a celebrity for refusing to cooperate with the FBI in the insider-trading probe, told Business Insider that he's "never even heard" of Sedna.

"I've never even done business with Galleon," he said.

Kinnucan, who has two days to respond to the request, said the SEC was seeking "even more details" and "more personal information" than the FBI: "anything related to his business for the last three years."

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...