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[Galleon] SEC casts its hedge fund net ever wider

Posted by Stacy-Marie Ishmael on Nov 06 17:03.

The following snaps flashed up on Reuters on Friday:

RTRS-U.S. SEC ENFORCEMENT CHIEF KHUZAMI SAYS SEEING SIGNIFICANT EXPANSION AS TO WHERE GALLEON/HEDGE FUND PROBE IS LEADING

16:48 06Nov09 RTRS-KHUZAMI SAYS SOME HEDGE FUND BUSINESS MODELS, LACK OF COMPLIANCE, TRANSPARENCY CREATE INCREASED DANGER OF IMPROPER ACTIVITY

16:49 06Nov09 RTRS-KHUZAMI SAYS CHANGE IN NATURE OF MARKET PARTICIPANTS, LACK OF TRANSPARENCY REPRESENT WARNING SIGNS THAT MISCONDUCT MAY OCCUR MORE FREQUENTLY

16:50 06Nov09 RTRS-KHUZAMI SAYS SOME HEDGE FUNDS USE TOOLS TO TRADE QUICKLY AND ARE ABLE TO PROFIT OFF MORE ROUTINE CORPORATE INFORMATION

The comments by Robert Khuzami — the SEC’s head of enforcement — are the strongest (on record) indication yet that Galleon was only the beginning of increasing scrutiny of hedge funds and their use of, and access to, sensitive information.

Related links:
Wall St charges highlight legal role – FT
“Octopussy” and his alleged insider trading network – FT Graphic

Article Series - Galleon

  1. "I'll be like Martha ....... Stewart" - FBI cracks alleged Rajaratnam ring
  2. Rajaratnam alert: Be afraid, be very afraid?
  3. "Put ya money on Galleon!" - Rajaratnam's rap sheet
  4. The Galleon index
  5. Galleon liquidating itself
  6. A closer look at Galleon’s returns
  7. Galleon rat report
  8. Great, sinking ship - more arrests in Galleon case
  9. Analysts, traders, hedgies, attorneys and other Galleon-accused
  10. More stoolies in the Rajaratnam-Goffer case
  11. Zvi Goffer et al - new readers start here
  12. SEC casts its hedge fund net ever wider
  13. alpha quadrant
  14. Raj Rajaratnam denies allegations of insider trading
  15. Rajaratnam: 'I am no Madoff'
  16. Raj Rajaratnam, Danielle Chiesi indicted
  17. Mr Wiretap
  18. SEC phones up Goldman ex-director charges
  19. Raj Rajaratnam: guilty of all charges
  20. Raj Rajaratnam: the sentencing book

This entry was posted by Stacy-Marie Ishmael on Friday, November 6th, 2009 at 17:03 and is filed under Capital markets, Hedge funds. Tagged with , . Edit this entry.

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