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UNITED STATES SECURITIES AND EXCHANGE COMMISSION v. ONE OR MORE UNKNOWN TRADERS IN THE SECURITIES OF FORTRESS INVESTMENT GROUP, LLC.
Case Number:
2:17-cv-01287
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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March 01, 2017
SEC Freezes Assets In SoftBank-Fortress Insider Trading Row
The U.S. Securities and Exchange Commission has frozen the assets of traders accused of reaping about $3.6 million in profits using inside information about telecommunications and internet giant SoftBank Group Corp.'s $3.3 billion acquisition of private equity firm Fortress Investment Group LLC.
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February 24, 2017
SEC Says Traders Used Inside Info On Fortress, SoftBank Deal
The U.S. Securities and Exchange Commission on Friday hit unknown traders of securities of private equity firm Fortress Investment Group LLC with a lawsuit alleging they reaped about $3.6 million in profits based on inside information about Japanese telecommunications and internet giant SoftBank Group Corp.'s impending $3.3 billion acquisition of Fortress.