Friday, 27 March 2015
Last updated 3 hours ago
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."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…