Analyst Accused Of Insider-Trading Gets Bail

Apr 4 2013 | 12:40am ET

Matthew Teeple, the hedge fund analyst arrested last week on insider-trading charges, has been released on $200,000 bail.

Teeple, who has been suspended by San Francisco-based Artis Capital Management, did not enter a plea at his first appearance in Manhattan federal court. He surrendered his passport and must remain in New York or New Jersey, and will be subject to alcohol tests.

Teeple, who faces conspiracy and securities fraud charges, is due back in court on April 25. He previously appeared in court in California, where he was released on $200,000 bond.

Teeple was arrested in California last Tuesday on allegations that he pushed colleagues at Artis to trade on a tip about Foundry Networks' impending acquisition by Brocade Communications Systems in 2008. Teeple allegedly received the tip from a friend, former Foundry chief information officer David Riley, who has also been charged.

According to prosecutors, Teeple then passed the tip on to money manager John Johnson and expert-networker Karl Motey. Johnson, chief investment officer for Wyoming's state retirement system until his firing this week, has pleaded guilty and is cooperating with prosecutors. Motey is a long-time cooperating witness who has already testified in two insider-trading trials.

Teeple's lawyers have said he plans to contest the charges against him.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note