{"id":27062,"date":"2012-01-25T15:02:08","date_gmt":"2012-01-25T20:02:08","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27062"},"modified":"2012-01-25T15:02:08","modified_gmt":"2012-01-25T20:02:08","slug":"hedge-fund-greenlight-fined-for-market-abuse","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2012\/hedge-fund-greenlight-fined-for-market-abuse.html","title":{"rendered":"Hedge fund Greenlight fined for market abuse"},"content":{"rendered":"<p>LONDON\/NEW YORK (Reuters) &#8211; U.S. hedge fund Greenlight Capital and its high-profile owner David Einhorn were fined 7.2 million pounds by Britain&#8217;s financial regulator, after the manager used inside information to sell shares in a UK pub company before a fall in the price.<\/p>\n<p>Britain&#8217;s Financial Services Authority (FSA) said on Wednesday it had fined Einhorn 3.64 million pounds ($5.67 million) and his Greenlight Capital 3.65 million pounds for market abuse.<\/p>\n<p>Einhorn learned from a telephone conversation, held with a broker in 2009, that British pub company Punch Taverns was on the verge of a significant equity fundraising, prompting Einhorn to sell down his holdings before an expected fall in the shares, the FSA said in a statement.<\/p>\n<p><a href=\"http:\/\/www.chicagotribune.com\/news\/sns-rt-us-financials-einhorn-finetre80o21c-20120125,0,4544881.story\">Read Entire Story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON\/NEW YORK (Reuters) &#8211; U.S. hedge fund Greenlight Capital and its high-profile owner David Einhorn were fined 7.2 million pounds by Britain&#8217;s financial regulator, after the manager used inside information to sell shares in a UK pub company before a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27062","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27062","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=27062"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27062\/revisions"}],"predecessor-version":[{"id":27064,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27062\/revisions\/27064"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}