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A massive insider trading case brought by the SEC revealed that some people working for SAC Capital routinely skirted the rules surrounding non-public information and allowed them to bag big ...
In the high-profile insider trading case U.S. v Rajaratnam unfolding near the same time (March 2011), wiretaps were played of Gupta describing to Rajaratnam elements of the confidential meetings of the board of directors of Goldman Sachs, including its possible willingness to purchase commercial bank Wachovia or insurer AIG. [39]
In 2013 S.A.C. Capital Advisors pleaded guilty to insider trading and agreed to pay $1.8 billion in fines ($900 million in forfeiture and $900 million in fines) in one of the biggest criminal cases against a hedge fund. Cohen was prohibited from managing outside money for two years as part of the settlement reached in the civil case over his ...
"To lose a case with this high a profile would have been an embarrassment." ... who has entered six of the 10 longest sentences in insider trading cases Bharara's office has brought since 2009. ...
SEC v. Rajaratnam, 622 F.3d 159 (2d Cir. 2010), is a United States Court of Appeals for the Second Circuit case in which defendants Raj Rajaratnam and Danielle Chiesi appealed a discovery order issued by a district court during a civil trial against them for insider trading filed by the Securities and Exchange Commission (SEC).
The charges were part of four insider trading cases brought by Williams' office against 10 people, including two charged in connection with a clinical trial for Pfizer Inc's COVID-19 medicine ...
Committing Hong Kong's largest and most high-profile insider trading case: Criminal status: Jailed: Criminal charge: Nine counts of insider dealing, one count of counselling or procuring another person to deal in the shares of a listed company prior to the announcement of an acquisition deal: Penalty: Seven years imprisonment and $23.3 million fine
Stephen Buyer was accused in court papers of engaging in insider trading during the $26.5 billion merger of T-Mobile and Sprint, announced in April 2018. Ex-US congressman among 9 charged in ...