As the Galleon trial approaches the insider trading ring
that that began with two Ropes and Gray associates and the Galleon
investigation keep spawning insider trading cases. Two new SEC civil insider
trading actions and a criminal case were filed.
In SEC v. Smith , Civil Action No. 11-CV-0535...
The Gupta insider trading case is a significant,
high profile action by an SEC Enforcement program which is working hard to
restore its lost luster. Mr. Gupta is a former Goldman Sachs director, a firm
which is an icon of Wall Street. He is a current director of Proctor and
Gamble, a company with...
No Big 4 audit firms or their partners have been named in
the insider trading scandal surrounding the now-defunct hedge fund Galleon
Management. But the SEC has accused one of the most prominent businessmen ever
implicated in such crimes, Rajat Gupta, a former McKinsey & Company Global
Another defendant in the on going Galleon insider trading
investigation was sentenced to prison. This time it was Jason Goldfarb who
previously pleaded guilty. The court sentenced Mr. Goldfarb to three years in
prison. U.S. v. Goffer, No. 1:10-cr-00056 (S.D.N.Y.).
Mr. Goldfarb was involved in the...
The SEC resolved two Galleon related insider trading
cases. One involved Robert Feinblatt, a co-founder and former principal of
hedge fund Trivium Capital Management LLC. SEC v. Feinblatt, Civil
Action No. 11-CV-0170 (S.D.N.Y.). The other was against Anthony Scolaro, a
former portfolio manager at...
This week three Galleon related defendants were sentenced
to prison for insider trading, including Raji Rajaratnam. The Commission filed
another significant market crisis case naming the senior officers of a failed
bank as defendants. The Commission also filed a settled insider trading case,
You could watch the movie Wall
Street and many things may still ring true. Of course its the 1980s, so
the clothes and the women's hair stick out. But the icon is the big brick cell
phone. It was huge and expensive for its time. And all it did was makes phone
calls. It was enough of an iconic...