Sunday, 25 January 2015
Last updated 2 days ago
Sep 22 2006 | 12:10pm ET
New York Attorney General (and Democratic candidate for governer of the Empire State) Eliot Spitzer will force us to eat some crow. In spite of our prediction last week that the late-trading/market-timing scandal was winding to a close, the AG found a new broker to throw the book at.
James Wilson of Manhattan was indicted on 11 counts related to his alleged role in making late trades of mutual fund shares for hedge fund clients of Trautman Wasserman & Co.
Janus Capital Group got in trouble last month for allegedly bending its rules regarding market-timing for Trautman customers.
If convicted, Wilson, who’s out on bail, faces four years in prison.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…