Ex-Credit Suisse Banker Convicted Of Conspiracy

Law360, New York (February 4, 2008, 12:00 AM EST) -- Former Credit Suisse Group investment banker Hafiz Naseem was reportedly found guilty Monday of insider trading and conspiracy. The 37-year-old from Pakistan was accused of illegally feeding inside information to his friend Ajaz Rahim.

The U.S. Securities and Exchange Commission alleged that Rahim raked in more than $7.5 million in profits, including $5.1 million just from TXU securities, after taking phone calls from Naseem.

A jury in the U.S. District Court for the District of New York, after deliberating since Thursday, found Naseem guilty of 28...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.