{"id":13826,"date":"2010-01-26T07:03:21","date_gmt":"2010-01-26T11:03:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13826"},"modified":"2010-01-26T07:03:21","modified_gmt":"2010-01-26T11:03:21","slug":"spherix-capital-founder-far-ex-pres-lee-agree-to-settle-sec-insider-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2010\/spherix-capital-founder-far-ex-pres-lee-agree-to-settle-sec-insider-case.html","title":{"rendered":"Spherix Capital Founder Far, Ex-Pres Lee Agree To Settle SEC Insider Case"},"content":{"rendered":"<p>WSJ &#8211; The Wall Street Journal reports: The founder of California hedge fund Spherix Capital LLC and its former president will pay more than $2 million to settle a civil insider-trading lawsuit brought by the U.S. Securities &amp; Exchange Commission, according to a court filing made public Monday.<\/p>\n<p>In a letter dated Jan. 20, Valerie Szczepanik, a lawyer for the SEC, said Ali T. Far, Spherix&#8217;s founder, and its former president, Richard Choo-Beng Lee, have agreed to pay disgorgement and prejudgment interest totaling $1.43 million and to pay a civil penalty of $667,809. The men also have agreed to be permanently enjoined from committing further violations of federal securities laws.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/online.wsj.com\/article\/BT-CO-20100125-716106.html?mod=WSJ_latestheadlines\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; The Wall Street Journal reports: The founder of California hedge fund Spherix Capital LLC and its former president will pay more than $2 million to settle a civil insider-trading lawsuit brought by the U.S. Securities &amp; Exchange Commission, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13826","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13826"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13826\/revisions"}],"predecessor-version":[{"id":13827,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13826\/revisions\/13827"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}