‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInConnecticut cardiologist is convicted of insider trading
A federal jury on Tuesday convicted a Connecticut cardiologist of insider trading based on confidential information he learned about a clinical drug trial, prosecutors said on Tuesday. Jurors in Hartford, Connecticut, took roughly four hours to find Edward Kosinski, 70, of Weston, guilty on two counts of securities fraud. via Connecticut cardiologist is convicted of […]
Defendant in SEC Insider Trading Action Found Guilty by Federal Jury in a Related Criminal Case — SEC Press Release
The SEC’s action, which remains pending, seeks an injunction against Sean Stewart and Robert Stewart from further violations of the charged provisions of the federal securities laws, disgorgement of ill-gotten gains, civil penalties, and an officer and director bar against Robert Stewart. via Defendant in SEC Insider Trading Action Found Guilty by Federal Jury in […]
Former Foundry Networks Executive Guilty in Insider-Trading Case – WSJ
David Riley, a former executive at Foundry Networks Inc., a computer equipment company, was found guilty on Thursday in Federal District Court in Manhattan on three of four counts for his involvement in an alleged insider-trading scheme in 2008. via Former Foundry Networks Executive Guilty in Insider-Trading Case – WSJ
Madoff Staff Roundup: Jury Convicts All Five Defendants on All 31 Counts – Compliance Week
After four days of deliberations, the 11-person jury hearing the marathon criminal trial against five former members Bernard Madoff’s staff returned its unanimous verdict, finding all five defendants guilty on all of the 31 combined counts. Here are the key facts you need to know. via Madoff Staff Roundup: Jury Convicts All Five Defendants on […]
Martoma faces loss of home, millions in forfeiture — USA Today
Mathew Martoma’s criminal insider-trading conviction means the former SAC Capital Portfolio manager not only faces prison, but could forfeit his family’s luxury Florida home and millions of dollars in bank accounts. via Martoma faces loss of home, millions in forfeiture — USA Today
Martomo Roundup: SAC Trader Convicted on Two Counts of Securities Fraud, One Count of Conspiracy – Compliance Week
Yesterday, a federal jury in Manhattan found Matthew Martomo, a former trader at SAC Capital, guilty on two counts of securities fraud and one count of conspiracy related to an insider trading scheme. The scheme allegedly involved Martomo receiving and trading on inside information he obtained from doctors related to a pharmaceutical trial for an Alzheimer’s drug. Here […]
SAC Capital’s Michael Steinberg Convicted in Insider-Trading Case – WSJ.com
A jury found a senior employee of SAC Capital Advisors LP guilty of insider trading, a verdict that deals another blow to the giant hedge fund and its billionaire founder, Steven A. Cohen. The guilty verdict for Michael Steinberg came after roughly ten hours of deliberation over two days and could send him to prison. […]
Traders, Don’t Turn Your Telephone Interview With the SEC Into a Federal Crime – Compliance Week
A California man’s conviction this week for obstructing an SEC investigation is the latest reminder that although the SEC is a civil agency, it is still possible for someone being investigated to botch things so badly that federal criminal prosecutors also get involved. via Traders, Don’t Turn Your Telephone Interview With the SEC Into a […]
Convictions of Two Accounting Execs May Wrap Up Prosecutions for Stanford Ponzi Scheme
Last two Stanford-related criminal defendants are convicted on 10 felony counts each.
Calif. fund founder convicted of insider trading
Hedge fund founder Doug Whitman convicted of all charges in insider trading case.