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"We cooperated fully with our regulators in these inquiries," said a company spokesperson.
Edward J. Kosinski, a former cardiologist at St. Vincent’s Medical Center in Bridgeport, used insider information to benefit when a pharmaceutical firm's stock price sank.
Edward J. Kosinski, a former cardiologist at St. Vincent's Medical Center in Bridgeport, was convicted by a jury Tuesday in Hartford federal court.
The Securities and Exchange Commission has charged an executive at the Stamford-based electronics company, Harman International Industries with insider trading in the company’s stock.
The Stamford hedge fund firm is bracing for investors to request the redemption of most of the remaining $4 billion in outside funds under management, according to multiple published reports.
According to court documents, Level Global made nearly $70 million in profits from a series of trades that were executed in 2008 and 2009 using non-public information about Dell Inc. and Nvidia Corp.
Stamford hedge fund SAC Capital Advisors has reportedly informed its employees that it could be facing substantial client withdrawals this year in the face of increasing scrutiny from federal regulators.
Despite strong returns, Diamondback Capital Management L.L.C., a Stamford-based hedge fund that had assets of more than $5 billion as recently as two years ago, announced in a Dec. 6 letter that it would close down.
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