Friday, 19 September 2014
Last updated 2 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.