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Tag Archives: hedge fund

JPMorgan to pay $153.6M to settle fraud charges

WASHINGTON — JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing. J.P. Morgan Securities, a division of the powerful ...

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Wiretaps key in convicting ex-hedge fund giant Raj Rajaratnam

NEW YORK — Former hedge fund titan Raj Rajaratnam was convicted in an insider-trading case Wednesday thanks largely to weapons prosecutors have using against mobsters and drug lords for years: wiretaps. What that means for his former peers depends on ...

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Ex-Goldman director charged with insider trading

WASHINGTON — Federal regulators have charged a former Goldman Sachs board member with insider trading, saying he provided confidential information to the central figure in a major hedge fund probe. The Securities and Exchange Commission announced the civil charges against ...

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Feds raid 3 hedge funds linked to trading probe

WASHINGTON — The Federal Bureau of Investigation has raided three hedge funds linked to a broader insider-trading probe, law enforcement officials said Monday. Bureau employees searched the New York offices of Level Global Investors LP, and the Stamford, Conn. headquarters ...

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