Wednesday, 23 July 2014
Last updated 12 hours ago
Sep 6 2011 | 1:01pm ET
The founder of Trivium Capital Management and a former analyst at the firm have been barred from the industry for alleged insider-trading.
Robert Feinblatt was banned for five years and Jeffrey Yokuty for three, the SEC said. Both are allowed to apply to have those bans lifted after those periods.
Trivium, which has since closed, Feinblatt and Yokuty were sued by the SEC in January, accused of participating in the Galleon Group insider-trading scam. The two men allegedly received confidential information from Roomy Kham, a former Intel Corp. analyst, Galleon employee and once a star witness in the government's case against Galleon founder Raj Rajaratnam.
Feinblatt has also been ordered to pay $2.6 million in penalties.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…