Insider Trader Can’t Postpone Prison Time For Family Time

Law360, New York (May 9, 2013, 4:12 PM EDT) -- A New York federal judge on Wednesday rejected convicted insider trader Todd Newman’s request that he be allowed to spend more time with his daughter before the beginning of his 4 1/2-year prison sentence.

Newman was convicted by a jury in December of five insider trading-related charges for his role as a portfolio manager at now-defunct fund Diamondback Capital Management LLC, where he earned as much as $4 million a year before a government investigation, part of a crackdown on Wall Street malfeasance, derailed his career....
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.