SEC charges 4 hedge-funders with insider trading

Wednesday, January 12, 2011
MARCY GORDON, Associated Press

[AP] Federal regulators on Monday charged the co-founder of a New York hedge fund and three other individuals with insider trading, the latest action in what the government has called the biggest insider-trading case in U.S. history.

The Securities and Exchange Commission announced it filed a civil lawsuit against hedge fund Trivium Capital Management, its co-founder Robert Feinblatt and analyst Jeffrey Yokuty. The SEC also filed charges against Sunil Bhalla, a former senior executive of tech company Polycom, and Shammara Hussain, a former employee at a consulting firm that did work for Google. The agency said Bhalla and Hussain provided confidential information that enabled Feinblatt and Yokuty to make about $15 million from trading on the information.

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Posted by Editor on 01/12/11 at 11:33 AM • (0) Comments

Tags: sec, insider trading, new york, hedge fund, trivium capital management,