Lazard, TPG Ensnared In Latest Insider-Trading Case


Developing: The Securities and Exchange Commission has filed civil charges against four people allegedly involved in a "serial insider-trading scheme." One is a former employee of Lazard Freres, another of Texas Pacific Group.
The ex-Lazard employee, Adnan Zaman, has already settled the charges without admitting or denying any wrongdoing.
SEC Charges Former Employees of Global Firms in Serial Insider Trading Scheme [press release]


Art Samberg, Pequot Settle Insider Trading Charges for $28 Million

Like we told you several weeks ago, Art Samberg and Pequot Capital Management today agreed to settle insider trading charges with Securities and Exchange Commission for $28 million. The SEC Division of Enforcement's also brought a case against the alleged tipper, David Zilkha, a former Microsoft employee. That case will continue in an administrative proceeding before the Commission.