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

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of