Tuesday, 5 May 2015
Last updated 7 hours ago
Oct 21 2008 | 11:32am ET
The Securities and Exchange Commission yesterday charged Brian Ladin, a former analyst for Bonanza Master Fund, a Dallas-based hedge fund, with insider trading.
The SEC's complaint alleges that Ladin engaged in unlawful trading in connection with a 2004 private investment in public equity transaction conducted by Radyne Comstream. Ladin, on the basis of the material, non-public PIPE information, presented an investment in Radyne to Bonanza, resulting in Bonanza establishing a 100,000-share short position in Radyne stock. Ladin, in signing the offering's stock purchase agreement on behalf of Bonanza, allegedly represented that Bonanza did not hold a short position in Radyne common stock when he knew that Bonanza held a short position in Radyne's common stock.
Ladin, without admitting or denying the allegations, agreed to settle the charges for $330,427. Bonanza, as relief defendant, was ordered to disgorge a total of $371,429 in ill-gotten gains.
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…