Tag: CDS

SEC Files First-Ever Insider Trading Case Involving Credit Default Swaps

The SEC charged Renato Negrin, a former portfolio manager at hedge fund investment adviser Millennium Partners L.P., and Jon-Paul Rorech, a salesman at Deutsche Bank Securities Inc., with insider trading in credit default swaps of VNU N.V., an international holding company that owns Nielsen Media and other media businesses. The case represents the SEC’s first insider trading enforcement action involving…

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