Primary Global Consultant Passed Tips to Hedge Funds, SEC Says

Bloomberg – A Primary Global Research LLC consultant facing federal insider-trading charges spoke with at least 11 hedge funds over 14 months and leaked stock tips to some of them, regulators said.

Walter Shimoon, a former Flextronics International Ltd. manager who worked as a consultant for Primary Global, was among six people sued Feb. 3 by the U.S. Securities and Exchange Commission. All six were previously arrested and two have pleaded guilty.

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