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Italian regulator to sue BlackRock fund manager

Italy Flag

BlackRock said on Friday that Italy's market regulator has started civil proceedings against one of its fund managers alleging that he used inside information to sell shares in Saipem just before the oil services firm issued a profit warning in 2013.

Martoma 'corrupted' doctors - prosecution says

American courtroom

Mathew Martoma, a former SAC Capital Advisors hedge fund manager, 'corrupted' doctors to get an 'illegal edge' that helped him perpetrate the most lucrative insider trading scheme in history, a federal prosecutor said on Friday.