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Category Archives: hedge fund rulings

SEC Fact Sheet: Restrictions For Hedge Funds Under The JOBS Act

New York (HedgeCo.Net) – The SEC has released more details on some of the restrictions hedge funds and others will face in light of the new, looser rules on general advertising. “As we fulfill our mission to facilitate capital formation […]

Hedge Fund Manager Highland Wins Investor Lawsuit

New York (HedgeCo.Net) – Dallas-based hedge fund manager Highland Capital Management LP won a court ruling against some of it’s investors who believed they were misled regarding the health of two of it’s hedge funds. Investors alleged that as a […]

Rajat Gupta Challenges Hedge Fund Insider Trading Conviction, Chiesi Released

New York (HedgeCo.Net) – Ex-Goldman executive Rajat Gupta’s lawyers have requested a re-trial regarding his conviction in last year’s billion dollar hedge fund scandal. “Defense lawyer Seth Waxman told the 2nd U.S. Circuit Court of Appeals in New York that […]

Rengan Rajaratnam Hedge Fund Insider Trading Case Delayed

New York (HedgeCo.Net) – The insider-trading lawsuit against Rengan Rajaratnam has been delayed for six months while his lawyer works on a separate criminal case. Rengan is the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam. “We […]

2 Prominent Hedge Fund Managers Found Guilty

New York (HedgeCo.Net) – A New York jury has found Anthony Chiasson and Todd Newman, both former hedge fund managers, guilty of insider trading charges. The NYT reports: “The government built its case around the testimony of two key witnesses: Spyridon Adondakis, […]

Hedge Fund Trader Mathew Martoma Released On $5 Million Bond

New York (HedgeCo.Net) – Former SAC Capital trader Mathew Martoma was charged yesterday for insider trading during an alzheimer’s disease drug trial that is being called the most lucrative hedge fund insider trading cases ever prosecuted. Martoma has been released on a […]

Rajat Gupta Gets 2 Years For Hedge Fund Insider Trading

New York (HedgeCo.Net) –  Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, received a prison sentence of 2 years in federal prison by U.S. District Judge Jed Rakoff. “He is a good man,” the Judge said, […]

Rajat Gupta To Receive Sentence For Hedge Fund Fraud Today

New York (HedgeCo.Net) – At 2:00pm today Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, will receive his prison sentence by U.S. District Judge Jed Rakoff. Gupta was found guilty on June 18th 2012 by a jury […]

Wiretaps: Rajaratnam’s Hedge Fund Insider Trading Appeal Set For October 25

New York (HedgeCo.Net) – A panel of three judge from the federal appeals court is scheduled to hear arguments from hedge fund founder Raj Rajaratnam in a bid to overturn his insider trading conviction. Rajaratnam is pleading on the grounds that the […]

SEC Invites Public Comment On Hedge Fund Advertising

New York (HedgeCo.Net) - SEC commissioners voted 4-1 to invite public comment for the proposed rules for the Jumpstart Our Business Startups Act or JOBS Act. Included is Rule 506 of Regulation D and Rule 144A of the Securities Act, which will eliminate […]

Nadel’s Hedge Fund Ponzi Scheme Victims Receive $25 Million Settlement

New York (HedgeCo.Net) – A case that has been pending for over three years, S.E.C. v. Arthur Nadel, has been somewhat resolved. Lead attorney at Wiand Guerra King P.L., Burton Wiand, who was appointed receiver for various entities associated with Arthur Nadel’s Ponzi scheme, […]

SEC Further Delays Repeal of Hedge Fund Advertising Restrictions

New York (HedgeCo.Net) – The SEC was expected today to repeal the ban on advertising, Title II of the JOBS Act, that was signed in to law by Obama on April 5th 2012. However the SEC has rescheduled it for a week […]

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