Monday, 28 July 2014
Last updated 1 min 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.
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…