Market Overview

Danielle Chiesi to Pay $540,000 in Insider Trading Case

Share:

Danielle Chiesi, the former hedge-fund trader who will pay $540,000 to settle related civil charges with the Securities and Exchange Commission, writes the Wall Street Journal.

Chiesi, 45, helped former Galleon Group founder Raj Rajaratnam with insider trading.

Rajaratnam was convicted on these charges in May.

Chiesi pleaded guilty on three counts of securities fraud, and will be sentenced to jail on July 20 in a New York court. She could face more than three years in prison.

 

Related Articles

View Comments and Join the Discussion!

Posted-In: Daniel Chiesi Galleon Group Raj Rajaratnam Wall Street JournalMedia