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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...