Selected Press Releases
Foreign Traders Agree to Pay $3.3 Million to Settle Charges in Nexen Insider Trading Case
03/29/2013
Washington, D.C., March 29, 2013 — The Securities and Exchange Commission today announced that a Chinese businessman and his wife whose trading accounts were frozen last year as part of a major insider trading case have agreed to settle charges that they loaded up on the securities of Nexen Inc. while in possession of nonpublic information about an impending announcement that the company was being acquired by China-based CNOOC Ltd.Read moreSEC Charges California-Based Hedge Fund Analyst and Two Others with Insider Trading
03/26/2013
Washington, D.C., March 26, 2013 — The Securities and Exchange Commission today charged a California-based hedge fund analyst with insider trading in advance of a merger of two technology companies based on nonpublic information he received from his friend who was an executive at one of the companies.Read moreSEC Charges Hedge Fund Manager and Brokerage CEO with Fraud
03/22/2013
Washington, D.C., March 22, 2013 — The Securities and Exchange Commission today announced charges against a Houston-based hedge fund manager and his firm accused of defrauding investors in two hedge funds and steering bloated fees to a brokerage firm CEO who also is charged in the SEC’s case.Read moreSEC Charges Rengan Rajaratnam with Insider Trading
03/21/2013
Washington, D.C., March 21, 2013 — The Securities and Exchange Commission today charged Rajarengan “Rengan” Rajaratnam for his role in the massive insider trading scheme spearheaded by his older brother Raj Rajaratnam and hedge fund advisory firm Galleon Management.Read moreSEC Charges Financier with Stealing Investor Funds in Purported Offerings of Pre-IPO Facebook Shares
03/19/2013
Washington, D.C., March 19, 2013 — The Securities and Exchange Commission today announced charges against a financier masquerading as a sophisticated fund manager who defrauded investors seeking to acquire highly coveted pre-IPO shares of Facebook and other social media companies.Read more