Saturday, 28 November 2015
Last updated 1 day 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.
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…