The U.S. Securities and Exchange Commission won an appeals court ruling that may allow it to collect illegal proceeds from money managers who engage in insider trading even when their firms got all the profit.
A former Advanced Micro Devices Inc. employee who pleaded guilty to insider-trading charges and later testified for the U.S. at trials against others said he deserves probation, citing his cooperation with the government.
Citigroup Inc. Chief Executive Officer Vikram Pandit and Pramit Jhaveri, head of the bank’s Indian unit, were cleared by local police of involvement in an alleged $66 million fraud at its branch in Gurgaon.
Triple jumper Phillips Idowu’s participation in the London games is in doubt after Britain’s national Olympic committee said he’s yet to provide medical records explaining why he pulled out of a training camp.
Jason Pflaum , a former Barai Capital Management LP analyst, told jurors he destroyed data his firm got from so-called expert networkers after Galleon Group LLC co- founder Raj Rajaratnam was arrested on insider trading charges.
A former sales manager and two ex- consultants for expert-networking firm Primary Global Research LLC were released on bail after a hearing before a New York federal judge as part of their prosecution in a nationwide probe of hedge fund insider trading.
Manosha Karunatilaka, a former account manager at Taiwan Semiconductor Manufacturing Co. , pleaded guilty to his role in an alleged insider-trading scheme involving expert-networking firm Primary Global Research LLC .