Galleon Google Tipster, Trivium Settle SEC Charges

Jun 23 2011 | 10:12am ET

With all but one of the 27 people criminally charged in the Galleon Group insider-trading case now convicted, the Securities and Exchange Commission is wrapping up some of its litigation stemming from the scandal.

Shammara Hussain settled SEC allegations that he served as the source of insider information about Google for Roomy Khan, the former Intel Corp. and Galleon employee whose cooperation was critical in the government’s investigation. Hussain worked at investor relations firm Market Street Partners, which was consulting for Google at the time of the alleged tips.

Hussain was ordered to pay more than $48,000 in disgorgement and fines; she was spared a higher fine due to her financial condition.

The SEC also settled its case against hedge fund Trivium Capital Management, the alleged beneficiary of Hussain’s information. Trivium, which the SEC says netted $15 million from its illegal trading, saw its case dismissed in exchange for its agreement to cooperate with the government and shut its doors.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR