Friday, 19 December 2014
Last updated 11 hours ago
Dec 22 2011 | 2:23am ET
A top salesman at expert network Primary Global Research was sentenced yesterday to two-and-a-half years in prison for facilitating the receipt of confidential information from corporate insiders.
James Fleishman was convicted in September of conspiracy to commit fraud. Prosecutors say that Fleishman connected money managers, including hedge fund managers, with insiders, who passed on the tips. He allegedly earned more than $800,000 between 2008 and 2010.
Prosecutors had sought between seven and nine years in prison, while Fleishman’s lawyers asked for no jail time. Fleishman has denied any wrongdoing, saying that he had no idea that PGR’s experts were passing confidential information.
Fourteen of the 15 people charged in the PGR case have pleaded guilty or been convicted.
U.S. District Judge Jed Rakoff ordered Fleishman to report to prison on Feb. 7, rejecting his bid to remain free as he appeals his conviction.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.