SEC Settles With Cooperating Witness In Primary Global Case

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...