Expert Networker Gets Probation

Oct 18 2013 | 10:44am ET

An expert network analyst caught up in the hedge-fund insider-trading crackdown has been spared jailtime.

Bob Nguyen was sentenced to two years' probation in recognition of the "very substantial assistance" he offered to the investigation. Nguyen testified at the trial of James Fleichman, an executive at Primary Global Research, where Nguyen also worked, and helped lead prosecutors to Walter Shimoon, one of his sources, who in turn helped bring down Broadband Research founder John Kinnucan.

U.S. District Judge Jed Rakoff said the light sentence was an acknowledgement of just how much help prosecutors need to win insider-trading cases.

"The very fact that they have uncovered so many instances of it illustrates how widespread this crime is and how much deterrence is needed," Rakoff said.

For his part, Nguyen apologized and pledged to "never do it again."


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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