Friday, 19 December 2014
Last updated 39 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.