Saturday, 30 August 2014
Last updated 23 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.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...