SEC Closes Case Against Tipper Jiau

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...