Sunday, 1 February 2015
Last updated 1 day ago
Nov 17 2006 | 12:31pm ET
He’s preparing to move into the Governor’s Mansion, but outgoing New York Attorney General Eliot Spitzer has some unfinished business to attend to.
On Thursday, Spitzer filed suit in Manhattan against hedge fund Samaritan Asset Management Services, its adviser, Johnson Capital Management, and top executives Edward Owens and Michael Johnson, alleging they evaded market-timing monitoring systems by “piggybacking” their trades on retirement plan trades through Security Trust Company. STC’s top officers pleaded guilty last year in a case brought by Spitzer.
The soon-to-be-former A.G. is seeking restitution of allegedly ill-gotten gains.
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…