Wednesday, 1 April 2015
Last updated 2 hours ago
Feb 1 2013 | 12:12pm ET
Former hedge fund analyst Jason Pflaum yesterday became the latest cooperating witness in the federal insider-trading probe to avoid jailtime.
While the same judge in the same courtroom sent Roomy Khan to prison for a year for lying to the Federal Bureau of Investigation, Pflaum was sentenced to just two years' probation and time served. His assistance helped lead to a guilty plea from his former boss, Barai Capital founder Samir Barai. Pflaum also testified against expert-network consultant Winifred Jiau in 2011; she was convicted of passing confidential corporate information to hedge fund managers. He told the jury that the information about two technology companies was accurate to the 100th decimal point.
Last year, Pflaum settled with the Securities and Exchange Commission, agreeing to pay $113,815.38 in disgorgement and to be barred from the securities industry.
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…