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Category Archives: Insider Trading

SEC Charges Two In Insider Trading Deal Where Middleman Ate The Evidence

New York (HedgeCo.Net) – A stockbroker and a managing clerk at a hedge fund law firm have been charged with insider trading and making illicit profits of $5.6 million during a four-year period, Reuters reports. Vladimir Eydelman and Steven Metro […]

Hedge Fund Research: Endowments and Foundations In 2014

New York (HedgeCo.Net) – The inaugural NEPC poll found that 40% of respondents were planning to raise their allocations to hedge funds and real assets in 2014. NEPC, which is a consulting firm to endowments and foundations, said: “Generally speaking, we found that senior investment […]

Hedge Fund Analyst Claims He was Paid $2 Million For Insider Tips

New York (HedgeCo.Net) –  A former analyst for hedge fund Diamondback Capital Management claims that he received a bonus of over $2 million the same year his insider trading tips helped the hedge fund earn over $3.8 million. The hedge fund has […]

SEC Makes Deferred Prosecution Agreement With Hedge Fund Administrator

New York (HedgeCo.Net) – For the first time in SEC history the agency has deferred prosecution against a former hedge fund administrator who helped the SEC take action against a hedge fund manager who stole investor assets. The SEC agreed […]

Is The SAC Indictment The First Shot in a War Against Outsize Hedge Funds?

New York (HedgeCo.Net) – Steve Cohen is getting squeezed from both ends. A federal grand jury just handed down a criminal indictment against Cohen’s hedge fund SAC Capital – on counts of wire fraud and securities fraud conspiracy. This follows […]

SAC: Hedge Fund Billionaire Escapes Prosecution

New York (HedgeCo.Net) - The billionaire hedge fund manager of SAC Capital won’t face any charges as the prosecution has decided that there isn’t enough evidence against him, WSJ reports. It seems that Steven Cohen has beat the statute of limitations for […]

Maiden Hedge Fund Manager Pleads Guilty, Released on $50,000 Bond

New York (HedgeCo.Net) – Charlotte hedge fund manager Stephen Ewing Maiden has pleaded guilty to securities fraud for hiding investment losses that cost his victims at least $8.9 million, and was released on a $50,000 unsecured bond until sentencing. “U.S. Magistrate Judge David […]

Chiasson Gets Over 6 Years For Hedge Fund Insider Trading

New York (HedgeCo.Net) –  Hedge Fund manager Anthony Chiasson, who was found guilty of insider trading charges back in December 2012, was yesterday sentenced to six and a half years in prison by Judge Sullivan, of the Federal District Court […]

Survey Reveals More than One-Third of Hedge Fund Professionals Feel Pressured to Break the Rules

New York (HedgeCo.Net) –  An independent survey of hedge fund professionals commissioned by law firm Labaton Sucharow LLP, HedgeWorld and the Hedge Fund Association, revealed that nearly half (46%) believe that their competitors engage in illegal activity, more than one […]

SAC Portfolio Manager Michael Steinberg Allegedly Earned $1.4 Million in Illegal Profits through Insider Trading

New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District of New York, today announced conspiracy and securities fraud charges against Michael Steinberg, for his alleged involvement in an insider trading scheme. Steinberg, 41, is charged […]

BCM Hedge Fund Analyst Sentenced in Manhattan

New York (HedgeCo.Net) – Jason Pflaum, a former research analyst with the hedge fund Barai Capital Management (BCM), was sentenced to time served, followed by two years of supervised release, for his participation in an insider trading scheme in which […]

Hedge Fund Fraud: Wireless Analyst Sentenced to 4+ Years

New York (HedgeCo.Net) – The securities research analyst who had publicly refused in 2010 to wear a wire in a hedge fund insider trading trading probe was sentenced yesterday to over four years in prison, Bloomberg’s HedgeWorld reports. John Kinnucan […]

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