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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.