Thursday, 23 October 2014
Last updated 1 hour 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...