Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact editor@evestment.com

News Archive

Read More Industry News >

FBI Investigates High-Speed Traders

Mar 31, 2014
Jing Chen

High-frequency trading firms are being investigated by federal agents.

Bloomberg reported that the Federal Bureau of Investigation are examining whether traders use non-public information to trade ahead.  The article added that even trades based on computer algorithms could potentially qualify as wire fraud, securities fraud or insider trading.

The FBI has convicted at least 79 hedge fund traders since it began cracking down on insider trading a few years ago.

The most-headlined insider trading case recently surrounds Steve Cohen’s Connecticut-based SAC Capital Advisors, which has agreed to pay a record $1.8 billion settlement after pleading guilty to insider trading in November.

 

 

Read More Industry News >

eVestment’s 2015 Hedge Fund Industry Outlook

Read More