Saturday, 27 December 2014
Last updated 3 days ago
Jun 25 2013 | 9:39am ET
The former KPMG partner who gave confidential information about several companies the accounting firm audited will at last plead guilty next week.
Scott London will enter his new plea on Monday before U.S. District Judge George Wu in Los Angeles. A not-guilty plea was entered for London, who quickly admitted his crimes when confronted by authorities earlier this year, so that the case could be transferred to Wu, who is presiding over the case against the beneficiaries of London's tips, his friend Bryan Shaw.
Shaw, who made about $1 million trading on tips about Herbalife, Skechers USA and other companies, is also to plead guilty.
London faces up to 20 years in prison on the single count of securities fraud he'll plead to.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.