Thursday, 8 October 2015
Last updated 51 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…