This is a Better Model for Insider Trading
The Securities and Exchange Commission settled insider trading charges today against the former tech company chief financial officer alleged to have leaked insider information to imprisoned Galleon Group hedge fund manager Raj Rajaratnam.
In 2006, Xilinx CFO Kris Chellam tipped Mr. Rajaratnam to negative trends in the company’s business at odds with public projections, allowing Galleon to turn a profit of nearly $1 million, according to a press release: Read More
