Hedge fund manager charged in Galleon insider-trading case

insider-trading

Hedge fund manager Douglas Whitman and his California-based firm have been charged by the US Securities and Exchange Commission (SEC) with making $980,000 from inside information provided as part of the Galleon insider-trading scandal, according to a complaint dated February 10.

Douglas Whitman and Whitman Capital are accused of illegally trading on material non-public information concerning the earnings of technology companies Polycom and Google in January 2006 and July 2007, respectively. The

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