Thursday, 25 December 2014
Last updated 1 day ago
Feb 9 2011 | 11:40am ET
The first of the 11 people charged in the Justice Department's ongoing insider-trading investigation has pleaded not guilty.
James Fleishman, a former sales executive at expert-network firm Primary Global Research, entered his plea on Monday in Manhattan federal court. Four people have already pleaded guilty in the case, including a Primary Global employee and former SAC Capital Advisors hedge fund manager.
Fleishman was one of the first six arrested in the case in December. According to prosecutors and the Securities and Exchange Commission, Fleishman acted as conduit for confidential information, passing tips from Primary Global's consultants to its clients.
Fleishman's not guilty plea came just a day before prosecutors arrested four hedge fund employees in the case, including two former SAC managers.
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.