Former hedge fund manager settles charges in Galleon insider-trading case


A federal judge in New York has accepted a settlement deal offered by former hedge fund manager Steven Fortuna concerning his role in the Galleon insider-trading case.

Fortuna, co-founder and former principal of New York-based unregistered hedge fund investment adviser S2 Capital, will pay $300,000 to settle the charges of insider trading filed against him by the US Securities and Exchange Commission (SEC) in November 2009.

S2 Capital served as the investment adviser to technology and energy

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