Monday, 22 December 2014
Last updated 7 hours ago
Feb 27 2012 | 1:39pm ET
Walter Shimoon, the former expert-network consultant who has pleaded guilty to passing confidential tips to hedge fund managers, has settled Securities and Exchange Commission charges.
Shimoon won't be fined for his crimes by the regulator in recognition of his cooperation with prosecutors. The former Flextronics International executive also agreed to forego arguing that he didn't violate securities laws.
According to prosecutors, Shimoon tipped off 11 hedge funds. At his plea hearing last year, he said that he also provided inside information to Broadband Research's John Kinnucan, who was arrested earlier this month in the case.
Shimoon said that Broadband paid him $27,500. He also consulted for expert-network Primary Global Research.
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.