Thursday, 25 December 2014
Last updated 20 hours ago
Aug 5 2013 | 10:25am ET
The technology analyst accused of passing tips to a former SAC Capital Advisors money manager made his maiden appearance in Manhattan federal court on Friday.
Sandeep Aggarwal did not enter a plea at the hearing. Bail was set by U.S. Magistrate Judge Frank Maas at $500,000, secured by $50,000 in cash.
Aggarwal was arrested on Tuesday in California and charged with giving confidential information about a planned deal between Microsoft Corp. and Yahoo! to Richard Lee, a SAC manager named in the criminal complaint against the hedge fund itself, and another hedge fund in 2009. Lee has pleaded guilty and is cooperating with prosecutors.
"We continue to review the allegations," Sam Braverman, Aggarwal's lawyer, said.
Aggarwal, who runs his own research firm, DigitalRoute, has been frequently featured in print and broadcast media.
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.