Wednesday, 27 May 2015
Last updated 4 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…