SEC investigates possible insider CDS trade at Millennium

Fri May 8, 2009

Millennium Partners has found itself at the center of an insider trading investigation by the Securities and Exchange Commission – a familiar yet unpleasant position for the firm, which has successfully distanced itself from a past regulatory transgression.

The SEC said this week that it is conducting at least 50 investigations involving derivatives and is pursuing some 150 cases that involve hedge funds.

The regulator is investigating allegations that former Millennium Partners fund manager Renato Negrin used insider information about a bond offering from...

ISSN: 2151-1845 / CDC10004H

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