SEC Fines Hedge Fund Chief, Hubby Over Alleged Tip Sharing

Law360, New York (December 6, 2017, 9:59 PM EST) -- A rising star in the world of New York hedge funds has settled a U.S. Securities and Exchange Commission claim alleging that she failed to disclose that her husband, an analyst at a competing hedge fund, was improperly slipping her trading ideas, guidance and confidential information from his own employer, according to an agency filing made public Tuesday.

Nehal Chopra and her fund Ratan Capital Management LP agreed to be censured and pay $200,000 apiece in penalties to settle the SEC’s claim that they failed to...
To view the full article, register now.