Thursday, 27 November 2014
Last updated 18 hours ago
Jan 5 2011 | 9:43am ET
Three of the seven people charged in Justice Department’s wide-ranging insider-trading probe had their bail terms upheld in their first appearances in Manhattan federal court.
U.S. Magistrate Judge James Francis continued all three defendants’ bond conditions. The three men, James Fleishman, Mark Longoria and Walter Shimoon, were arrested last month and released by judges in California and Texas. The conspiracy and fraud charges against the three were transferred to Manhattan federal court.
Fleishman was a salesman at expert network firm Primary Global Research, and the other two men were consultants for the firm. All seven of those arrested in the case—one has already pleaded guilty—were associated with Primary Global.
Fleishman, Longoria and Shimoon have yet to enter pleas. Each faces up to 20 years in prison if convicted.
Fleishman is free on $700,000 bond, Shimoon on $150,000 and Longoria on $50,000.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...