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  1. Galleon Insider Trading
  2. Raj Rajaratnam
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  4. Rajat Gupta
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SEC Can Fund Itself; Why Doesn't It?

Between hedge fund moguls Steven A. Cohen and Raj Rajaratnam, and banking giants Goldman Sachs (NYSE:GS), Citigroup (NYSE:C) and JPMorgan Chase (NYSE:JPM), the Securities and Exchange Commission could raise enough money in fines to fund itself for a full year.The question is ... why doesn't it?In March, CR Intrinsic Investors, an affiliate of Cohen's massive SAC Capital Advisors hedge fund, agreed to pay more than $600 million to settle insider trading charges filed against it by the SEC. The deal requires CR Intrinsic to pay $275 million in disgorgement to be returned to investors hurt by the schemes alleged, another $275 million in penalties that will go straight to the U.S. Treasury, and another $52 million in interest. The deal is awaiting final approval by a judge who has questioned its propriety. Either way, whether the deal is approved or not, the SEC, which is charged with regulating the vast U.S. securities markets, will get nothing. Not a dime.Other eye-opening SEC settlement...

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  1. Informant in Galleon insider-trading case gets a year in prison

    Roomy Khan, a one-time technology company executive who became a key FBI informant in the insider-trading case against hedge-fund manager Raj Rajaratnam, was sentenc...

  2. Whitman Capital founder gets two years for insider trades

    California hedge fund manager Doug Whitman was sentenced on Thursday to two years in prison after he became the first defendant in a broad U.S. crackdown on insider ...

  3. Ex-Goldman director Gupta seeks conviction reversal

    Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta are urging a federal appeals court to reverse his insider trading conviction, arguing that a judg...

  4. Ex-Goldman director seeks reversal of insider trading conviction

    Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta are urging a federal appeals court to reverse his insider trading conviction, arguing that a judg...

  5. Gupta Seeks Reversal of Insider Trading Conviction

    Lawyers for former Goldman Sachs Group Inc (NYSE:GS) board member Rajat Gupta are urging a federal appeals court to reverse his insider trading conviction, arguing t...

  6. Rajaratnam agrees to pay $1.5 million disgorgement in SEC case

    U.S. hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and t...

  7. SAC Footing the Legal Bill for Possible Cooperator Against Steve Cohen

    Government officials had high hopes that Mathew Martoma, the latest former executive from SAC Capital to be implicated in the government's burgeoning investigation o...

  8. Ex-Goldman director Gupta to stay free on bail: court

    Former Goldman Sachs Group Inc board member Rajat Gupta can remain free on bail while he appeals his insider-trading conviction, an appeals court ruled on Tuesday.Gu...

  9. "Fight Club" of corrupt analysts cited at insider trial

    Two former hedge fund managers reaped a total of $70.8 million in illegal profits by tapping a "corrupt network" of Wall Street analysts, a U.S. prosecutor said at t...

  10. At insider trading trial, U.S. says motive was to "make big money"

    Two former hedge fund managers reaped $70.8 million in illegal profits by tapping a "corrupt network" of Wall Street analysts, a U.S. prosecutor said at the start of...

  11. Star Silicon Valley analyst felled by Facebook IPO fallout

    The firing of Citigroup stock analyst Mark Mahaney on Friday in the regulatory fallout from Facebook Inc's initial public offering was greeted with shock and dismay ...

  12. Rajaratnam friend agrees to settle SEC insider trading case

    A former chief financial officer at Xilinx Inc on Friday became the latest executive to settle civil charges of being part of now-imprisoned hedge fund tycoon Raj Ra...

  1. Judge Holding Up SAC Settlement Asking Right Questions

    The most promising aspect of the ongoing legal drama surrounding Steven A. Cohen and his mega SAC Capital Advisors hedge fund isn't that the walls seem to be closing...

  2. Rajaratnam's brother pleads not guilty in insider case

    Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Monday pleaded not guilty to insider trading charges.The younger Rajaratna...

  3. Rajaratnam's brother brought to New York to face charges

    Rengan Rajaratnam was arrested Sunday at John F. Kennedy International Airport in New York after FBI agents escorted him on a flight from Brazil, a spokesman for the...

  4. Raj Rajaratnam's Brother Charged with Insider Trading

    Raj Rajaratnam's younger brother was indicted on charges of conspiring in the insider-trading scheme for which the founder of the Galleon Group hedge fund was convic...

  5. Raj Rajaratnam brother charged with insider trading

    Raj Rajaratnam's younger brother was indicted on charges of conspiring in the insider-trading scheme for which the founder of the Galleon Group hedge fund was convic...

  6. Galleon Group founder's brother charged with insider trading

    The brother of convicted Galleon Group founder Raj Rajaratnam was indicted Thursday on insider trading charges.Prosecutors said Rengan Rajaratnam, 42, allegedly cons...

  7. Goldman Senior Salesman Loeb Recently Left Firm

    A senior salesman in Goldman Sachs Group Inc.'s (GS) securities division who was part of an investigation into communications between bank employees and hedge-fund m...

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