A former analyst for quantitative hedge fund Two Sigma asked a New York state judge to dismiss charges that he stole the firm’s data, saying that the information isn’t proprietary or is based on common concepts.
A former financial adviser to ousted leaders of Kyrgyzstan was sentenced to more than five years in prison for a $6 million fraud that his lawyer said caused an insider-trading prosecution to be aborted.
A U.S. Securities and Exchange Commission rule requiring companies to disclose whether any “conflict minerals” are used in their products violates the free-speech rights of manufacturers, an appeals court held.
Charlie Shrem, a prominent evangelist for Bitcoin who is charged by the U.S. with conspiring to launder more than $1 million in the virtual currency tied to the illicit online bazaar Silk Road, is in plea talks, prosecutors said.
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.
Dominique Strauss-Kahn , who resigned yesterday as head of the International Monetary Fund, asked a second judge to release him on bail over charges that he sexually assaulted and attempted to rape a hotel maid in Manhattan.