Wednesday, 30 July 2014
Last updated 20 min ago
Mar 2 2012 | 5:06am ET
A former hedge fund analyst who pleaded guilty to insider trading has settled with the Securities and Exchange Commission.
Jason Pflaum agreed to pay $113,815.38 in disgorgement and prejudgment interest and will be barred from the securities industry. The SEC did not seek a civil penalty against Pflaum in recognition of his cooperation with prosecutors in the expert-network insider-trading case.
Pflaum's cooperation helped lead both to the guilty plea of his boss at hedge fund Barai Capital Management, Samir Barai, and the conviction of former Primary Global Research consultant Winifred Jiau. Pflaum testified at Jiau's trial, saying her information about two technology companies was accurate to the 100th decimal point.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…