Wednesday, 26 November 2014
Last updated 8 hours ago
Oct 18 2012 | 8:36am ET
There is no honor among alleged thieves. Accused insider-trader Anthony Chiasson, co-founder of Level Global Investors, says his fellow co-founder, David Ganek, made the same trades at the same time.
Lawyers for Chiasson, who faces trial on Oct. 29 for insider trading of Dell and Nvidia Corp, have asked a judge to allow them to introduce evidence showing Ganek, who has been accused of no wrongdoing, made the same trades.
Although the government says such testimony would not be relevant to the case, prosecutors have acknowledged in a court filing that Chiasson had two uncharged co-conspirators at Level Global.
“Chiasson shared discretion over the two funds at Level Global with two other individuals, who have been named as co-conspirators by the government,” Assistant U.S. Attorneys Antonia Apps, Richard Tarlowe and John Zach wrote.
Chiasson could go to prison for as long as 20 years if convicted.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...