Professor James L. Carey on Confidentiality and SEC v. Cuban

If a client gives out material, non-public information about his company without first obtaining assurances that the recipient cannot trade in securities using that information, that client may be in breach of his duties to the company. SEC v. Cuban , 634 F. Supp. 2d 713 (N.D. Tex. 2009) raises the very...

Judge Orders Former Galleon Partner To Pay Record $92.8 Million Penalty

NEW YORK - (Mealey's) A federal judge in New York on Nov. 8 ordered former Galleon Management Co. General Partner Raj Rajaratnam to pay a nearly $93 million civil penalty to the Securities and Exchange Commission for his role in a massive insider trading scheme ( Securities and Exchange Commission...