Saturday, 25 October 2014
Last updated 16 hours ago
Jun 13 2013 | 9:13am ET
The brother of alleged insider-trading mastermind Zvi Goffer has settled with the Securities and Exchange Commission, two years after his criminal conviction on related charges.
Emanuel Goffer agreed to pay more than $1.5 million in disgorgement and prejudgment interest, although he won't actually pay any of it: Half is offset by the $760,000 he was ordered to pay in the criminal case, and the rest will be waived due to his financial condition. Goffer is serving a three-year sentence for conspiracy and securities fraud.
Goffer, his brother and a third employee of Zvi Goffer's Incremental Capital were convicted of buying and trading on inside information from lawyers at Ropes & Gray. Emanuel Goffer was also convicted of assisting his brother in an attempt to cover-up their activities.
In addition to the waived disgorgement, the Goffer also accepted an SEC order barring him from the financial industry.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.