{"id":7885,"date":"2008-06-13T00:00:00","date_gmt":"2008-06-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"pasternak-cleared-of-sec-trading-fraud-allegations","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/pasternak-cleared-of-sec-trading-fraud-allegations.html","title":{"rendered":"Pasternak Cleared of SEC Trading-Fraud Allegations"},"content":{"rendered":"<p class=\"times\">Wall Street Journal- A federal judge said the Securities and Exchange Commission didn&#8217;t prove that former Knight Equity Markets chief Kenneth Pasternak defrauded the firm&#8217;s clients.<\/p>\n<p class=\"times\">In an oral opinion Thursday, U.S. District Court Judge Joel Pisano said that witness testimony, including testimony by former customers of Knight, and trade records &quot;undermined&quot; the SEC&#8217;s theory of the case. &quot;I conclude there is no evidence of any misconduct committed by Mr. Pasternak,&quot; the judge said after a 14-day bench trial in federal court in Trenton, N.J.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/online.wsj.com\/article\/SB121332327834070623.html%3Fmod%3Dgooglenews_wsj\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street Journal- A federal judge said the Securities and Exchange Commission didn&#8217;t prove that former Knight Equity Markets chief Kenneth Pasternak defrauded the firm&#8217;s clients. In an oral opinion Thursday, U.S. District Court Judge Joel Pisano said that witness [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[140,823,147,20,34,824,588],"class_list":["post-7885","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alan-greenspan","tag-investment-counselor","tag-journalism","tag-new-marketplace","tag-news-press","tag-ownership-stake","tag-palm-beach"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7885","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=7885"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7885\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}