Calif. Hedge Fund Analyst Arrested For Insider-Trading

Mar 27 2013 | 10:45am ET

Prosecutors said that Matthew Teeple, an analyst for an unidentified San Francisco hedge fund, was told of Foundry Networks' impending acquisition by Brocade Systems in 2008 by Foundry's then-chief information officer, David Riley. Both men were charged with conspiracy and securities fraud and face up to 65 years in prison.


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