Sigma Analyst Pleads Guilty In Insider Trading Case

Law360, New York (September 28, 2012, 3:40 PM EDT) -- A former analyst at hedge fund Sigma Capital Management on Friday pled guilty to insider trading, admitting involvement in an alleged ring whose members passed along confidential tips on Dell Inc. and Nvidia Corp.

Jon Horvath, 42, pled guilty in Manhattan to two counts of securities fraud and a count of conspiracy, saying he traded on sensitive earnings numbers that had not been released to the public. He has agreed to cooperate with prosecutors.

Horvath was charged in January along with six other defendants. Prosecutors labeled...
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