Insider Trading from the Perspective of the FBI
One to two percent of employees at hedge funds can be expected to behave wrongly. For those that willingly and knowingly cross the line, the government may deploy an investigation. Mr. Chaves will share with us information about the FBI’s sprawling investigation into insider trading in the hedge fund industry (over 100 arrests so far). He will discuss compliance matters such as “tone at the top”, firm culture, whistleblowers and escalation policy.
Those of us in the financial services industry will learn about best practices and “do’s and don’ts”. We will review the psychology of the inside trader. And finally Mr. Chaves will share with us some case studies including trading at Galleon, SAC Capital and others.
Supervisory Special Agent David A. Chaves | David A. Chaves is a senior FBI Agent assigned to the New York division. He serves as the securities fraud program manager for the most visible securities cases prosecuted over the last decade. He is widely recognized as the chief strategist in coordinating these complex white collar investigations and for infiltrating corrupt participants in the hedge fund industry through the use of sophisticated techniques, undercover operations, and wire taps. He is a securities fraud subject matter expert and lectures to audiences in both the public and private sector on securities fraud cases including Madoff, Galleon, and Perfect Hedge investigations. Prior to joining the FBI he was a civil litigation attorney in Boston, MA.
$20 | $30 (Student) | $60 (Non-Member)
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Dan Pomerantz, CFA