Wall Street Insider Chiesi Settles With SEC

Law360, New York (July 13, 2011, 1:06 PM EDT) -- Former Wall Street analyst Danielle Chiesi, who pled guilty to swapping inside tips with Galleon Group LLC co-founder Raj Rajaratnam and others, has agreed to pay more than $500,000 to settle related civil charges, according to an order filed Tuesday in New York federal court.

Chiesi, a former analyst at a Bear Stearns & Co. hedge fund, will fork over $540,535 in ill-gotten gains and interest to resolve the U.S. Securities and Exchange Commission's suit, according to the order. Chiesi also consented to an order enjoining...
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