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

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note