Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…