Tuesday, September 6, 2011

Hedge Fund Advisor gets five years

The Securities and Exchange Commission has placed a five-year ban on a New York hedge fund adviser from carrying out any future activities.

Robert Feinblatt, founder of the now defunct Trivium Capital Management, can restore to the SEC after five years, according to a regulatory ruling last week.

Feinblatt and Trivium analyst Jeffrey Yokuty (which had three year ban) were charged in January in Manhattan Federal Court trading on inside information.

Two were connected to the Government informant capacious Khan, a longtime associate of convicted hedge fund manager Raj Rajaratnam.

The SEC charged that Feinblatt and Yokuty received inside information from Khan for trade in the shares of Polycom, hotel chain Hilton, Google and Kronos, the business software company.

Federal prosecutors claimed Khan had received information from Sunil Bhalla, a leading executive business videoconferencing Company Polycom, Shammara Hussain, an employee at investor relations consulting firm market Street partners.

The ban is part of the final judgment against Feinblatt, covering him pay off the SEC over 2.6 million dollars in fines.

Yokuty and Hussain of also have been ordered to pay fines, while Bhalla struggling SECS legal action against him.

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