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Hedge Fund CEO Pleads Guilty To Insider Trading


Preet Bharara, the United States Attorney for the Southern District of New York, and Janice K. Fedarcyk, the Assistant Director-In-Charge of the New York Office of the Federal Bureau of Investigation ('FBI'), announced last week that Drew K. Brownstein (aka 'Bo Brownstein'), CEO of a Denver-based hedge fund (the 'Hedge Fund'), pled guilty in Manhattan federal court to securities fraud arising from an insider trading scheme in which he received material, non-public information ('Inside Information') about a pending acquisition of Mariner Energy, Inc. ('Mariner) by Apache Corporation ('Apache').



Log Pile

A win for UBS in job cuts case

UBS has won a London lawsuit filed by an asset management firm that said that investment banking job cuts at the bank undermined a joint venture.


London city jobs at record high

TheCityUK’s new London Employment Survey, released Monday, shows that the financial and related professional services industry has continued its strong recovery.