Posts Tagged ‘SEC
Millenium Partners Negrin Accused in First CDS Insider-Trading Case
According to FINalternatives, former Millenium Partners hedge fund manager Renato Negrin, who the Securities and Exchange Commission alleges made $1.2 million four years ago trading on non-public information about a bond offering from Dutch media company VNU Group, took the stand in his own defense and denied any wrongdoing. This is the first ever insider-trading [...]
Rakoff Postpones Galleon Trial Until 2011, Demands More Info on Schottenfeld Settlement
In a major coup for Galleon Group founder Raj Rajaratnam, his lawyers won a motion to adjourn his civil trial until February 14, 2011. Not exactly how I’d want to be spending my Valentine’s Day… But you know that, at least for now, Raj is feeling the love for U.S. District Judge Jed Rakoff. The [...]
Hedge Fund Lobbyists Double Spending
According to data recently released by the Federal Election Commission, cited in an article by Crain’s, the hedge fund lobby, called the Managed Funds Association, doubled its spending in the last quarter of 2009. Compared to the $520,000 it spent in during the same period in 2008, the MFA spread nearly $1 million around Washington [...]
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