SEC Charges Ex-Hedge Fund Analyst With Insider Trading

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.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of