Tuesday, 31 March 2015
Last updated 12 min ago
Feb 6 2014 | 11:49am ET
Is former SAC Capital Advisors portfolio manager Mathew Martoma about to break prosecutors' perfect record in the government's insider-trading crackdown?
The jury is still out, having deliberated for a second day without reaching a verdict. But the panel requested testimony yesterday that could be a sign it is leaning towards finding him "not guilty."
The jury yesterday asked to see the transcript of Thomas Wisniewski's time on the stand. Wisniewski, a New York University medical professor who testified for the defense, said that he saw "no substantial difference" between the allegedly insider information about a drug test results and a press-release issued by the two drug companies Martoma is accused of illegally trading.
If the jury believes that the information was already publicly available, it cannot convict Martoma. That would be a first: Prosecutors have won 78 convictions or guilty pleas in insider-trading cases in recent years, against zero acquittals.
The jury resumed its deliberations today.
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…