Thursday, 24 July 2014
Last updated 4 hours ago
Jun 11 2014 | 9:53am ET
Former McKinsey & Co. chief Rajat Gupta is making a last-gasp bid to stay out of jail while he appeals his insider-trading conviction to the U.S. Supreme Court.
Gupta asked Justice Ruth Bader Ginsberg to continue his bail while he waits for her and her colleagues to consider whether to hear his appeal. The request follows a lower-court ruling that ordered Gupta to begin his two-year sentence on June 17.
Gupta was convicted in 2012 of passing confidential information about Goldman Sachs to Galleon Group founder Raj Rajaratnam, himself serving an 11-year sentence for insider trading. Gupta was a member of Goldman’s board at the time.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…