On October 16, 2009, the
Securities and Exchange Commission (SEC) instituted a civil injunctive action
in the United States District Court for the Southern District of New York
charging Raj Rajaratnam and his hedge fund advisory firm Galleon Management LP
with perpetrating a massive insider trading...
SEC Chairman Schapiro and
others appeared before congress this week to testify about the recent market
disruption. At the same time the SEC, while joining yet another financial fraud
task force, took the unprecedented step of designating the deputy director of
the division of enforcement as lead...