Friday, 19 September 2014
Last updated 3 hours 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.
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.