Sunday, 21 September 2014
Last updated 2 days 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 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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.