Jailed Hedge Fund Consultant Ordered To Pay $6.3M To SEC

Law360, New York (March 25, 2014, 2:12 PM EDT) -- A New York federal judge on Tuesday ordered convicted former hedge fund consultant and government critic John Kinnucan to pay $6.33 million in a civil insider trading case brought by the U.S. Securities and Exchange Commission.

In imposing a maximum triple penalty against the former Broadband Research LLC CEO, U.S. District Judge Alison Nathan noted Kinnucan's “high degree of bad intent” and 2012 criminal conviction on allegations similar to those in the civil suit.

“As Kinnucan's conviction in the parallel criminal case demonstrates, his conduct was...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Kinnucan et al


Case Number

1:12-cv-01230

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Alison J. Nathan

Date Filed

February 16, 2012

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.