Freeman, Barai Banned By SEC

Jan 27 2012 | 11:51am ET

Two of the hedge fund managers to plead guilty in the expert-network insider-trading case have been barred from the securities industry.

The Securities and Exchange Commission issued orders forbidding Noah Freeman and Samir Barai from "association with any broker, dealer, investment adviser, municipal securities dealer or transfer agent." Barai, the founder of hedge fund Barai Capital Management, was also fined $3.4 million.

Both men pleaded guilty last year to sharing and trading on confidential information learned from consultants at expert network Primary Global Research. Freeman, a former SAC Capital Advisors trader, cooperated with the investigation.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...