Thursday, 26 March 2015
Last updated 11 min ago
Dec 8 2011 | 2:24am ET
A former accountant pleaded guilty yesterday to passing confidential tips about his then-employer that wound up in the hands of a trio of hedge fund managers.
Stanley Ng pleaded guilty to one count of conspiracy to commit fraud. He admitted to providing Primary Global Research consultant Winifred Jiau with non-public information about Marvell Technology Group, information she in turn sold to clients, including the three hedge fund managers.
Jiau was convicted of insider trading in June, two months before Ng's arrest. Jiau was sentenced to four years in prison.
For his part, Ng faces up to five years, although prosecutors said that Ng's plea agreement calls for between six months and one year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…