Friday, 6 March 2015
Last updated 6 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…