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

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.