Ex SAC Trader Gets Nine Years

08Sep2014September 8, 2014

Mathew Martoma, 40, a former trader at SAC Capital Advisors, will spend a good chunk of the prime of his life behnd bars. He was sentenced today to nine years in prison and ordered to forfeit $9.38 million in misbegotten gains for insider trading.

Ex SAC Trader's sentence reflects increased punishment for insider trading
Martoma’s prison sentence, handed down by U.S. District Judge Paul . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.

Author

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Income and Spending Suggest the American Consumer Now Believes, And a Little Bit of Politics for Fun

13 May, 2021

The recent Personal Income and Personal Spending figures provided two broad conclusions about the state of the American Consumer, American income making and spending behavior. Also Initial Claims Say We’re in Something... Read More

Kyle bass Businessman investor reading shortselling Hayman capital hedge funds investing investors macro bearish bear bull

ValueWalk Interview With Kyle Bass: Chinese Economic Crash And Shadow Banking

14 May, 2021

ValueWalk's Raul Panganiban interviews Kyle Bass, the founder and chief investment officer of Hayman Capital Management. Q1 hedge fund letters, conference, scoops etc Transcript Raul: Good morning, listeners. Today is a very... Read More

Barclays: Venezuela Liquidity Tightens Even Further As Social Unrest Continues

14 May, 2021

The Venezuela liquidity challenge is getting more difficult. A Barclays report notes that available cash for critical imports is down to just $1 billion and the country is having... Read More

Adam Rodman, One Of Forbes' "30 Under 30": Contrarian In A Consensus World

13 May, 2021

Adam Rodman is the Founder, CIO and Portfolio Manager of Segra Capital Management which runs a global opportunistic hedge fund focused on thematic investments in the emerging and underfollowed... Read More

Activist Hedge Funds In A World Of Board Independence: Creators Or Destroyers Of Long-term Value?

13 May, 2021

Activist Hedge Funds In A World Of Board Independence: Creators Or Destroyers Of Long-term Value? via SSRN Bernard S. Sharfman Independent May 1, 2015 Columbia Business Law Review, Forthcoming Abstract: Numerous empirical studies... Read More

Beyond Tiger Cubs: These Hedge Fund Veterans Seeded The Biggest New Funds In 2021

28 January, 2022

Over the years, Julian Robertson's Tiger Management served as a training ground for some of the most well-known hedge fund managers. Hedge funds launched by so-called Tiger cubs and... Read More

Tim Bennett Explains: ISAs: A Short Guide [Video]

14 May, 2021

The sheer number of different ISAs on offer in 2016/17 risks confusing savers and investors. So here’s a quick guide to the main types. Tim Bennett Explains: ISAs: A Short... Read More

An Agent-Based Model For Crisis Liquidity Dynamics

13 May, 2021

An Agent-Based Model For Crisis Liquidity Dynamics by OFR Richard Bookstaber Regents of the University of California Mark Paddrik Office of Financial Research Abstract Financial crises are often characterized by sharp reductions in liquidity followed... Read More

HSBC Leader Board Reflects Trend In Beta Market Environment As Managed Futures Jolt To Top

13 May, 2021

As the stock market engages in a manic plunge then rise, with bulls and bears fighting near the 1800 level on the S&P 500 and taking investors on a... Read More

Morgan Stanley (MS) Q2 Earnings, Revenue Top Expectations

13 May, 2021

Morgan Stanley (NYSE:MS) released its earnings report for the second quarter of 2013 this morning before the market opened. The company showed earnings per share of $0.45 for the... Read More

Saved Articles

TextTExtLInk TextTExtLInk