{"id":16373,"date":"2010-06-23T07:29:52","date_gmt":"2010-06-23T11:29:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16373"},"modified":"2010-06-23T07:34:09","modified_gmt":"2010-06-23T11:34:09","slug":"london-hedge-fund-trader-fined-over-400k","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2010\/london-hedge-fund-trader-fined-over-400k.html","title":{"rendered":"London Hedge Fund Trader Fined Over 400K"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/gavel.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-16376\" title=\"Fined\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/gavel-300x240.jpg\" alt=\"\" width=\"178\" height=\"142\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/gavel-300x240.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/gavel.jpg 350w\" sizes=\"auto, (max-width: 178px) 100vw, 178px\" \/><\/a>New York (HedgeCo.net) \u2013 The hedge fund trader who pled guilty of\u00a0  conspiracy to commit insider trading in a London court yesterday has been orderes to pay about 287,000 pounds ($421,000) in fines and restitution, Bloomberg reports.<\/p>\n<p>\u201cYou cooperated immediately with the authorities and were very frank  about the part you played in all this,\u201d Judge Geoffrey Rivlin said at the hearing. The insider trading was carried oul by Ahmad and an accomplice who communicated using  unregistered mobile phone SIM cards, Bloomberg reported.<\/p>\n<p>Ahmad was the first to deliver a guilty plea  in the case where hedge fund AKO Capital\u2019s transactions with 22  different companies between June   and August last year are under  scrutiny.<\/p>\n<p>The   charges were filed by the Financial Services Authority (FSA).<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 The hedge fund trader who pled guilty of\u00a0 conspiracy to commit insider trading in a London court yesterday has been orderes to pay about 287,000 pounds ($421,000) in fines and restitution, Bloomberg reports. \u201cYou cooperated immediately [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-16373","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16373","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=16373"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16373\/revisions"}],"predecessor-version":[{"id":16375,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16373\/revisions\/16375"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}