Thursday, 21 August 2014
Last updated 5 hours ago
Feb 7 2011 | 10:06am ET
Yet another Galleon Group insider-trading jailbird has struck a deal with the Securities and Exchange Commission.
Ali Hariri, a former vice president at Atheros Communications, agreed to pay $2,665.68 in disgorgement and prejudgment interest, the regulator said. He also agreed to be barred from serving as an officer or director of a public company.
Hariri pleaded guilty last year to passing confidential information to hedge fund manager Ali Far as was sentenced to 18 months in prison. Far has also pleaded guilty and is cooperating in the investigation.
Hariri's settlement with the SEC follows two others involved in the Galleon case last week: That of Mark Kurland, former head of hedge fund New Castle Partners, and Robert Moffat, a former IBM executive.
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