Friday, 19 December 2014
Last updated 10 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.
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.