Tag Archives: investment-banks
New York Hedge Fund Sued By Former Employee
New York (HedgeCo.Net) – New York hedge fund Peconic Partners was sued yesterday for firing an employee who reportedly was running his mouth about some shady insider trading activities. The suit, filed by former Chief Compliance Officer Joseph Sullivan in […]
SEC Officials Not Held Accountable for Mishandling Hedge Fund Insider Trading Case
New York (HedgeCo.Net) – SEC officials did not botch an investigation into alleged insider trading by hedge fund Pequot Capital Management, at least according to the SEC. Brenda P. Murray, an administrative law judge for the Securities and Exchange Commission, […]
Former UBS Exec Sentenced in Manhattan
New York (HedgeCo.Net) – A former UBS AG executive has been sentenced to 6-1/2 years in prison after pleading guilty to selling private information about the bank’s stock recommendations. Mitchel Guttenberg, a former manager in UBS’ equity research department, was […]
Bear Stearns Hedge Fund Probe Expands
New York (HedgeCo.Net) – The infamous collapse of the two $1.8 billion Bear Stearns hedge funds that many believe helped spark the credit crisis is still being investigated, and now other banks and individuals are being probed in the process. […]
Hedge funds get a new cop
Wealth Bulletin – The UK’s financial regulator has hired Australian Andrew Crain to head up the team that oversees the roughly 40 largest hedge fund managers that operate in the UK. Crain, a former regulator in his home country, assumes […]
Eight Arrested in London Insider Trading Scheme
New York (HedgeCo.Net) – Eight people were arrested yesterday in London on suspicions of insider trading. The city of London police and about 40 Financial Services Authority officials targeted workers at UBS and JPMorgan Cazenove, in what they are […]
Microsoft Bid for Yahoo Probed by SEC
The New York Sun – Suspicions that illegal insider trading may have preceded the year’s biggest and most publicized corporate takeover attempt — Microsoft’s hostile $44.6 billion bid for Yahoo — have prompted the Securities & Exchange Commission to commence […]
