Friday, 26 December 2014
Last updated 1 day ago
Jul 18 2014 | 11:12am ET
Following Rengan Rajaratnam’s acquittal on insider-trading charges earlier this month, the Securities and Exchange Commission is not eager to follow in prosecutors’ footsteps up the courtroom steps—and Rajaratnam himself isn’t especially eager for a reprise engagement.
Both sides have asked a federal judge for an extra two months’ delay in the civil case, brought alongside the criminal case against Galleon Group founder Raj Rajaratnam’s younger brother. The SEC and Rajaratnam’s lawyers are discussing a settlement.
Rajaratnam became the first person in the last five years to be acquitted of insider trading charges when a jury found that he had not conspired with his brother, who is serving an 11-year sentence. The SEC’s allegations—that he earned more than $3 million trading on confidential information—mirrors those of the criminal case, but the regulator has a lower burden of proof in a civil trial.
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.