Thursday, 21 August 2014
Last updated 5 hours ago
Feb 1 2011 | 11:59am ET
Mark Kurland, who is serving more than two years in prison for his role in the Galleon Group insider-trading case, has settled with the Securities and Exchange Commission.
The former head of hedge fund New Castle Partners will pay $4.4 million to end the civil case against him, a total which includes ill-gotten gains and interest. The SEC also agreed to drop its lawsuit against the now-defunct New Castle.
Kurland had previously been ordered to forfeit $900,000.
Kurland was the boss and, it turned out, lover of Danielle Chiesi, the former co-defendant of Galleon founder Raj Rajaratnam. Chiesi herself pleaded guilty last month; Kurland entered his guilty plea last January.
Rajaratnam goes on trial at the end of the month.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note