Daily Archives: July 2, 2013, 8:30 am

SEC promotes deputies to head enforcement asset management unit — InvestmentNews

The Securities and Exchange Commission today elevated two staff members to head the Division of Enforcement’s Asset Management Unit, which targets investment advisers, investment companies and private funds. Julie M. Riewe and Marshall S. Sprung were tapped as co-chiefs of the unit. They both had been serving as deputy chiefs of the group since May 2012. via SEC promotes deputies…

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Two Cooperating Witnesses Avoid Prison in Insider Probe – WSJ

Federal prosecutors had alleged that Mark Anthony Longoria, a former Advanced Micro Devices Inc. supply-chain manager, and Walter Shimoon, a former executive at a unit of Flextronics International Inc.,  provided inside information to clients of California expert-network firm Primary Global Research. The men were each secretly paid as consultants by clients of the firm, receiving hundreds of dollars per each…

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Two government cooperators avoid jail in insider trading cases — Reuters

A former manager at Advanced Micro Devices Inc and a former executive at Flextronics International Ltd avoided prison time on Monday after cooperating in a broad government investigation of insider trading. Mark Anthony Longoria, a former AMD production manager, and Walter Shimoon, formerly of Flextronics, were both sentenced by U.S. District Judge Jed Rakoff in Manhattan to time served and…

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