Saturday, 28 March 2015
Last updated 17 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…