Company executives and other insiders moonlighting as consultants to hedge funds cannot blatantly peddle their company’s confidential information for personal gain. These PGR consultants and employees schemed to facilitate widespread and repeated insider trading by several hedge funds and other investment professionals.
—Robert Khuzami, director of the SEC’s Division of Enforcement: via Bloomberg, related
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28 February 2011 at 1:27 pm
expert networks, not a condemnation – validation « Stilltitled
[…] time, most major news coverage centered on a single quote from Bharara that suggested the networks were “verging on a corrupt business model” — without qualification. The expanded […]