A San Diego man has pleaded guilty to insider trading charges in New York in a government crackdown on expert networking firm consultants who give illegal stock tips to hedge funds.
Three stock traders have been convicted in the second federal trial stemming from a massive probe of insider trading at hedge funds.
Don Chu entered the plea in federal court in Manhattan. He is among 13 people charged so far in a probe of those in the securities industry who give out inside information instead of legitimate research.
The arguments were expected to last all day Wednesday. They’ll include the replaying of some of the hundreds of taped phone conversations made by the government.
The judge let jurors leave early on Friday. It was their fifth day of weighing the fate of the hedge fund manager.
A jury has begun deliberating at the trial of a hedge fund founder accused of making tens of millions of dollars through insider trading.
A woman with access to insider information was blinded by love, she says…and the judge agreed.
Federal authorities expanded their crackdown on insider trading that masks itself as legitimate market research.
Making broad use of wiretaps — routine in mob and drug cases, but groundbreaking in white-collar probes — the Manhattan prosecutor widened an investigation of hedge funds and other institutions suspected of insider trading.
Eliot Spitzer says regular folks hooked on day trading shouldn’t think they can beat Wall Streeters at their own game because of the flow of inside information.