SEC Brings Massive Insider Trading Case Aginst Former Citigroup Investment Banker, His Brother and Six Others. http://bit.ly/Y4aJB #sdx # SEC Probes Schering Trades Before Merck Deal. http://bit.ly/18eHGU #sdx # Ex-Citigroup Banker Sued by SEC for Insider Trading. http://bit.ly/A6TgO #sdx # SEC’s Office of Risk Assessment Looks to Ramp Up With “Seasoned Financial Experts.” http://bit.ly/X5aU9 #sdx # SEC Charges Investment Management…
The SEC announced a massive insider trading case today against Maher Kara, a former Citigroup investment banker, his brother, and six other individuals. The SEC alleges that Maher Kara repeatedly tipped his brother about upcoming merger deals in a scheme that involved numerous friends and family and resulted in more than $6 million in illicit profits. Full details (and a handy…
The SEC’s seemingly “on again, off again” risk assessment efforts are back in the spotlight, as the SEC announced today that it is embarking on a new effort to attract industry professionals to the Office of Risk Assessment. The SEC announced a new “Industry and Markets Fellows Program” intended to help it “oversee complex industry practices and products in today’s…
The SEC announced today that it has charged Aldus Equity Partners, L.P. and one of its founding principals, Saul Meyer, in connection with a multi-million dollar kickback scheme involving the New York State Common Retirement Fund. James Clarkson, Acting Director of the SEC’s New York Regional Office stated that “as alleged in our complaint, Aldus was chosen by the pension…