Thursday, 21 August 2014
Last updated 9 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note