Monday, 30 March 2015
Last updated 2 days ago
Sep 4 2012 | 9:50am ET
Convicted hedge fund insider-trader James Turner has settled a Securities and Exchange Commission lawsuit stemming from his illicit scam.
The former Clay Capital Management chief investment officer and the hedge fund agreed to pay $2.1 million to end the regulator's case against them. The two were actually ordered to pay a combined $4.3 million in disgorgement and prejudgment interest, but all but more than half the total was waived due to financial condition.
Turner, who pleaded guilty to earning more than $2.5 million in illegal profits trading on tips from his brother-in-law and a college friend, and who was sentenced to one year in prison in April, also agreed to be barred from the industry.
Turner allegedly traded on confidential information about Autodesk Inc., Moldflow Corp. and Salesforce.com Inc.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…