Former Goldman Sachs board member Rajat Gupta is being accused by regulators of passing along inside information about the bank to a prominent hedge fund manager.
Inside these posts: Insider trading probe
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Nov. 24, 2010 at 3:44 p.m.
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Filed under: Crime, Criminal charges, Fraud, Investigations, Investing Research firm exec arrested in insider trading probe
An executive of a California research firm was arrested Wednesday on securities fraud and conspiracy charges after U.S. prosecutors accused him of arranging for inside information to be leaked to hedge funds, the latest development in an investigation of the industry.
The arrest of Don Ching Trang Chu of Primary Global Research stems from wiretaps and the cooperation of Richard Choo-Beng Lee, a hedge fund manager who pleaded guilty last year as part of the insider-trading prosecution of Galleon Group hedge fund founder Raj Rajaratnam and 22 other traders, lawyers and executives. Get the full story »
