Court Orders Disgorgement and Prejudgment Interest Against Defendant Michael Lauer
On May 19, 2009, the U.S. District Court of the Southern District of Florida entered an order requiring Lauer to disgorge all money he ultimately received, based on the fraudulent conduct he demonstrated in his hedge fund scheme.
The following SEC release reprinted in full, can be [...]
SEC Charges Invest Relations Account Executives for Tipping Confidential Information
“Insider trading” refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include “tipping” such information, securities trading by the [...]
SEC Halts Multi-Million Dollar Fraud Conducted by Philadelphia-Area Investment Adviser
The Securities and Exchange Commission has charged a Philadelphia-area investment adviser and its principal with misappropriating millions of dollars in client assets, and obtained an emergency court order freezing their assets.
The SEC alleges that through a commingled brokerage account, Donald Anthony Walker Young of Coatesville, Pa., [...]
SEC Charges Hedge Fund Manager and Bond Salesman in First Insider Trading Case Involving Credit Default Swaps
The Securities and Exchange Commission today charged Renato Negrin, a former portfolio manager at hedge fund investment adviser Millennium Partners L.P., and Jon-Paul Rorech, a salesman at Deutsche Bank Securities Inc., with insider trading in credit default swaps of [...]