Alleged Jiau Tipster Appears In N.Y. Courtroom

Aug 29 2011 | 1:25pm ET

Stanley Ng, accused of passing confidential information to a Primary Global Research consultant who then sold it to hedge funds, remains free on bail after a New York federal court approved his $50,000 bond.

Ng was arrested at his California home earlier this month, the 15th person to be charged in the Justice Dept.'s crackdown on expert networks. He was accused of passing information about his former employer, Marvell Technology Group, to Winifred Jiau, who was convicted in June of selling those tips to two hedge funds.

Ng was released on a $50,000 bond after his arrest. Friday marked his first appearance in court in New York; his bail is to be secured by $50,000 in property.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of