The expert network has “severed its relationship” with the first person to be arrested by the feds as part of Insider Trading Fest(ivus) 2010. The company said in a statement that “based upon recent events,” DC is no longer with the firm. While presumably they’re talking about the charge by prosecutors this morning that he engaged in actions management frowns upon, it could very well be sex on the desk with the cleaning lady last night. We just don’t know. [MarketWatch]
Primary Global Research
The Primary Global Research exec, the first to be arrested in Insider Trading Fest(ivus) 2010, was cuffed, “prior to a trip to Taiwan he had scheduled for Sunday,” prosecutors said. On the bright side, they may have spared him a groping, so. [WSJ]
Reuters reports DCTC has been arrested and charged with “conspiracy to arrange for information for hedge fund clients,” via his Primary Global Research. According to court documents, Don apparently “associated with Richard Choo-Beng Lee,” the trader who pleaded guilty last year in the Galleon case and phone conversations between the two were recorded by the FBI from July 14, 2009 to August 28, 2009. Continue reading »
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