Wednesday, 23 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…