{"id":27366,"date":"2012-02-13T11:16:18","date_gmt":"2012-02-13T16:16:18","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27366"},"modified":"2012-02-13T11:50:25","modified_gmt":"2012-02-13T16:50:25","slug":"hedge-fund-manager-accused-of-google-insider-trading","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2012\/hedge-fund-manager-accused-of-google-insider-trading.html","title":{"rendered":"Hedge Fund Manager Accused Of Obtaining Insider Information From Google"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/Google.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-27371\" title=\"Google\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/Google-300x139.jpg\" alt=\"\" width=\"300\" height=\"139\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/Google-300x139.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/Google.jpg 490w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (Hedge Co.net) &#8211; Hedge fund manager Douglas Whitman and his California-based firm have been charged by the SEC with illegally profiting from insider tips on Google and Polycom,\u00a0making $980,000 in the process.<\/p>\n<p>The SEC\u00a0alleges\u00a0in a complaint\u00a0dated February 10, that\u00a0Whitman and Whitman Capital obtained insider information on Google and Polycom from\u00a0an individual investor named Roomy Khan. The two conducted their\u00a0business\u00a0on Skype to avoid detection, the SEC said.\u00a0Whitman Capital hedge funds reaped approximately $980,000 in ill-gotten\u00a0profits.<\/p>\n<p>In addition to tipping Whitman, the SEC says that Khan also passed the material nonpublic information that she obtained concerning Polycom and Google to investment professionals at other hedge fund advisers, including Raj Rajaratnam of Galleon Management LP., and Jeffrey Yokuty and Robert Feinblatt of Trivium Capital Management LLC. Like Whitman and Whitman Capital, both Galleon and Trivium used this information to reap sizable profits for the hedge funds they managed.<\/p>\n<p>The SEC seeks permanent injunctions against each of the defendants, enjoining them from engaging in the transactions, acts, practices, and courses of business alleged in the SEC complaint; disgorgement of ill-gotten gains or losses avoided from the unlawful insider trading activity, together with prejudgment interest and civil penalties.<\/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 (Hedge Co.net) &#8211; Hedge fund manager Douglas Whitman and his California-based firm have been charged by the SEC with illegally profiting from insider tips on Google and Polycom,\u00a0making $980,000 in the process. The SEC\u00a0alleges\u00a0in a complaint\u00a0dated February 10, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,11,3],"tags":[],"class_list":["post-27366","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27366","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=27366"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27366\/revisions"}],"predecessor-version":[{"id":27380,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27366\/revisions\/27380"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}