Jonathan Hollander , a former SAC Capital Advisors LP analyst, agreed pay more than $220,000 to settle U.S. Securities and Exchange Commission claims that he traded on inside information about a pending takeover of the Albertson grocery chain, his lawyer said.
Traders who manipulate currency rates or borrowing costs would face criminal charges under plans to be announced by U.K. Chancellor of the Exchequer George Osborne in a crackdown on bankers less than a year before a general election.
Alexander Y. Thomas was elected global managing partner of Reed Smith LLP for a three-year term starting Aug. 1, beating out Philadelphia partner John Martini, the vice chairman of the global business and finance department.
UBS AG investment banker Nicos Stephanou , facing more than 10 years in prison for insider trading, made a quick decision following his arrest two years ago: He decided to become a government informant.
For the sixth time, the U.S. government has linked an employee of hedge-fund icon Steven A. Cohen to insider trading while at the firm. For the first time, prosecutors said Cohen had talked with a defendant about the stocks in their complaint, pulling him deeper into one of the biggest investigations of securities fraud in history.
Former traders of Steven A. Cohen ’s SAC Capital Advisors LP have been implicated in a U.S. crackdown on insider trading on Wall Street. SAC received a request for documents from U.S. officials, according to a person familiar with the matter.