Thursday, 26 November 2015
Last updated 21 hours ago
Sep 14 2011 | 1:12pm ET
Former SAC Capital Advisors Donald Longueuil has struck a deal with the Securities and Exchange Commission.
Longueuil agreed to pay $353,000 to settle the regulator's civil insider-trading charges. Longueuil was sentenced to two-and-a-half years in prison in July after pleading guilty in the U.S. Justice Department's expert-networking crackdown.
Longueuil's deal with the SEC gives him credit for the $1.25 million he was ordered to forfeit as part of the criminal case.
In April, Longueuil admitted that he traded on confidential information he received from Barai Capital Management founder Samir Barai. Longueuil also allegedly traded tips with fellow SAC veteran Noah Freeman, and to destroying evidence after Barai Captial was raided by the Federal Bureau of Investigation in November.
Both Barai and Freeman have also pleaded guilty in the case.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…