insider trading

  • Rajaratnam may appeal SEC fines

    Galleon Group founder and notorious inside trader Raj Rajaratnam may be appealing the record $92.8 million fine that the Securities and Exchange Commission (SEC) slapped him with in a civil case last month.

  • 6-month prison sentence served to ex-lawyer for insider trading

    Cooperation with prosecutors did not equal a get-out-of-jail-free card for Brien Santarlas, a former lawyer at Ropes & Gray, who was sentenced on Wednesday to six months in prison for insider trading.

  • SEC and ex-Goldman Director Gupta submit deposition lists

    Over the past week, the Securities and Exchange Commission (SEC) and ex-Goldman Sachs Director Rajat Gupta have been making their lists and checking them twice. But the lists have nothing to do with the upcoming holidays.

  • SEC sues ex-Ernst & Young manager for insider trading

    The sheriff is back in town. The Securities and Exchange Commission, fresh off filing a record number of cases in the 2011 fiscal year, Friday leveled a lawsuit at CPA Mark Konyndyk, formerly a manager at Ernst & Young, for insider trading.

  • Judge orders Rajaratnam to pay $92.8 million

    It appears Mr. Rajaratnam isn’t yet done receiving the bad news. U.S. District Judge Jed Rakoff yesterday ordered the vilified inside trader to pay a record $92,805,705 penalty in a related SEC civil case. (Cue the canned cash register audio clips.)

  • Rajat Gupta surrenders to FBI

    Rajat Gupta, a former Goldman Sachs director and top partner at McKinsey & Co., surrendered to federal authorities today in relation to an insider trading case.

  • Rajaratnam gets off easier than expected

    The sigh of relief was probably heard from here to Sri Lanka. The subject of serious speculation in recent weeks, Raj Rajaratnam finally was sentenced today for his role in the Galleon Group insider trading scandal.

  • Galleon Group defendants getting 3-year average sentences

    Want to get busted for insider trading? Despite reports that corporate criminals are seeing tougher sentences these days, the going rate for defendants in the Galleon Group scandal is a cool three-year average term. But that might not be the case for the “modern face of insider trading,” Raj Rajaratnam,...

  • Rajaratnam asks for shorter prison sentence

    Galleon Group co-founder Raj Rajaratnam is asking a judge to shorten the government’s proposed prison sentence for his involvement in a massive insider trading case.

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