Monday, 27 April 2015
Last updated 1 hour ago
Nov 22 2013 | 11:05am ET
Two-and-a-half years after Galleon Group founder Raj Rajaratnam was convicted of insider-trading, the Securities and Exchange Commission continues to ferret out his alleged sources.
Sam Miri, who worked at Marvell Technology Group, has settled the SEC's allegations for more than $60,000. Miri, who has not admitted or denied any wrongdoing, passed confidential information about the semiconductor company to former Galleon portfolio manager Ali Far, according to the regulator.
During Rajaratnam's trial, Far testified that he had paid Miri for the tips he received. The SEC said Miri received about $10,000.
Far traded on the tips at the hedge fund he founded after leaving Galleon, Spherix Capital.
In addition to the disgorgement and fine, Miri has been barred from serving as an officer or director of a public company for five years.
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…