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: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.