Galleon Insider-Trader Goffer Settles SEC Cases

Dec 13 2011 | 2:21am ET

Former Galleon Group trader Zvi Goffer has agreed to pay more than $1 million to settle Securities and Exchange Commission charges stemming from his leading role in the major insider-trading scandal.

Goffer, convicted in June of running one of two interlocking insider-trading rings, has also been barred from the financial services industry. Following his criminal conviction, Goffer was sentenced to 10 years in prison and ordered to pay more than $10 million in forfeitures.

The recent settlements end two SEC civil cases against Goffer.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...