Guardians of Grail Forum Index Guardians of Grail
The best PVKII Clan
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   GalleriesGalleries   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

" said Sanjay Wadhwa

 
Post new topic   Reply to topic    Guardians of Grail Forum Index -> Buy/Sell/Switch
View previous topic :: View next topic  
Author Message
cheapbag214s
Post Master
Post Master



Joined: 27 Jun 2013
Posts: 19871
Read: 0 topics

Warns: 0/5
Location: England

PostPosted: Sun 9:23, 17 Nov 2013    Post subject: " said Sanjay Wadhwa

SEC charges man with passing confidential information to SAC trader
NEW YORK, July 30 () -- A market analyst has been charged with passing confidential information to a trader at SAC Capital Advisors,[url=http://www.tymarc.com/]christian louboutin discount[/url], U.S. regulators said Tuesday.The Securities and Exchange Commission said internet market analyst Sandeep Aggarwal passed confidential information to Richard Lee, who was charged and pleaded guilty last week to using advance information about a Microsoft-Yahoo partnership and the acquisition of 3Com Corporation by Hewlett-Packard to make trades.The SEC said Aggarwal "tipped Lee in advance of a July 2009 public announcement about an Internet search engine partnership between Microsoft and Yahoo." Lee, in response, purchased "large amounts of Yahoo stock," both in the name of his SAC portfolio and in his own personal holdings, the SEC said."Rather than rely on legitimate research methods, Aggarwal obtained confidential information from a close friend at Microsoft and passed it along to Lee knowing that he would likely trade on it," said Sanjay Wadhwa, Senior Associate Director of the SEC's New York Regional Office in a statement."As a sell-side analyst, Aggarwal knew the rules and yet he broke them, which is why he joins the growing ranks of those held accountable by the SEC for insider trading," Wadhwa said.Five former SEC traders have been convicted or pleaded guilty, while others have been charged.The Telegraph said Aggarwal was arrested in San Jose, Calif. He lives in India and worked in San Francisco for financial consulting firm Collins Stewart, the newspaper said.The SEC said last week it had opened "administrative proceedings" against Cohen for alleged "failure to supervise two senior employees and prevent them from insider trading under his watch."The hedge fund has been charged with what regulators see as a pervasive leniency and tacit allowance for insider trading.


The post has been approved 0 times
Back to top
View user's profile
Display posts from previous:   
Post new topic   Reply to topic    Guardians of Grail Forum Index -> Buy/Sell/Switch All times are GMT + 1 Hour
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

fora.pl - załóż własne forum dyskusyjne za darmo
Powered by phpBB © 2001, 2005 phpBB Group
Regulamin