Saturday, 20 December 2014
Last updated 19 hours ago
Mar 29 2012 | 11:16am ET
The Securities and Exchange Commission has won a final judgment against a former expert-network consultant convicted of selling confidential information to hedge fund managers.
U.S. District Judge Jed Rakoff in New York approved a resolution of the SEC's civil case against Jiau; the regulator did not seek any monetary penalties against Jiau, who was ordered to pay more than $3 million after her conviction in June. Jiau is currently serving a four-year prison term.
The final judgment bars Jiau from future securities law violations. The SEC also noted that it had recovered ill-gotten gains earned by Jiau's tippees with her information.
Among those beneficiaries were Barai Capital Management's Samir Barai and former SAC Capital Advisors trader Noah Freeman.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.