Saturday, 27 December 2014
Last updated 2 days ago
Dec 10 2013 | 11:24am ET
Aria Capital's Iraj Parvizi has pleaded not guilty to insider-trading charges.
Parvizi entered his plea in Crown Court in London on Friday. He was the only one of the six people charged with insider-trading as part of the Financial Conduct Authority's Operation Tabernula to enter a plea.
Parvizi, who lives in Dubai, and the other five were arrested in 2010 as part of the U.K.'s largest-ever insider-trading sting. A seventh person was also arrested, but has not been charged.
Four of Parvizi's co-defendants do not have lawyers, due to cuts to the U.K. legal aid budget.
The Financial Services Agency—the FCA's predecessor—and the U.K. Serious Organised Crime Agency, made the arrests and raided 16 locations in March 2010. In addition to Parvizi, a director at Aria, the arrested reportedly include Moore Capital Management's Julian Rifat, Deutsche Bank's Martyn Dobson, BNP Paribas' Clive Roberts and Novum Securities' Graeme Shelley. Parvizi is also associated with Novum.
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.