Golden
Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com),
World's Most Influential Alternative Investments Conference Series,
including High Frequency Trading Leaders Forum 2013, "Strategic
and Tactical Insights for Investors, Speed Traders, Brokers and
Exchanges," New York City, London, Chicago, Singapore and
Frankfurt (www.High-Frequency-Trading-Conference.com).
New
York City, NY, USA (July 22, 2013) -- According to The Wall
Street Journal, the Securities and Exchange Commission (SEC) recently
filed a civil-enforcement action against SAC Capital Advisors LP
chief Steven A. Cohen, alleging he ignored "red flags" that
should have alerted him to insider trading "under his watch."
The SEC said Mr. Cohen "failed to take reasonable steps to
investigate and prevent" insider trading at the Stamford, Conn.,
hedge-fund firm.
The
move is the first time regulators in the investigation have brought
an action against Mr. Cohen personally. His firm, one of the most
successful on Wall Street over the past two decades, has in recent
years been the subject of a long-running investigation into
insider-trading that has resulted in criminal charges against a
number of traders and others with ties to SAC. But, while trading
involving Mr. Cohen has been cited in government documents related to
those cases, he hasn't been criminally charged in those matters or
any other.
According
to the SEC's order, Mr. Martoma and Mr. Steinberg obtained material
nonpublic information about publicly traded companies in 2008, and
they traded on that information. The government charged Mr. Martoma
with insider trading last year and charged Mr. Steinberg earlier this
year. Messrs. Martoma and Steinberg have pleaded not guilty. Mr.
Steinberg's lawyer has said he did nothing wrong. Mr. Martoma's
lawyer has said the case against him is based on innuendo. The SEC
alleges Mr. Cohen ignored "highly suspicious information"
that should have prompted "any reasonable hedge fund manager"
to investigate.
To
further elaborate on SEC enforcement issues in the world's most
highly sophisticated market structure, Robert Cohen, Assistant
Director of Market Abuse Unit, Division of Enforcement, U.S.
Securities and Exchange Commission, will keynote High Frequency
Trading Leaders Forum 2013 New York City
(http://www.HFTLeadersForum.com),
July 30th, as part of Tech2Trade Expo 2013 New York City
(http://www.Tech2TradeExpo.com).
Cohen
joined the Securities and Exchange Commission in 2004. He has been
involved in significant enforcement actions involving investment
advisers and companies, insider trading, market manipulation, public
company accounting and financial disclosure violations. Currently, he
is responsible for supervising investigations of large-scale market
conduct. Prior to joining the SEC, Cohen was in private practice and
served as a law clerk to the Honorable Alexander Williams, Jr.,
United States District Court for the District of Maryland. He
received his J.D. from New York University School of Law, where he
served on the Law Review, and received a B.S. from Cornell
University.
Golden
Networking's High Frequency Trading Leaders Forum 2013 will examine
the speed trading industry from various angles, in an opened and
unbiased environment highly conducive to networking. Topics to be
discussed at High Frequency Trading Leaders Forum 2013 will include:
-
Low Latency: How can Ultra-Low Latency be Achieved for High-Frequency
Trading?
-
Emerging Markets: How will Emerging Markets from Brazil to China
Affect the Scope of High-frequency Trading?
-
Robotic Markets: As High-frequency Trading Embraces Robotic Markets
Worldwide, How Will Participants be Able to Find new Opportunities to
Sustain Alpha Creation?
-
Regulatory Impact: With High-frequency Trading in the Spotlight, how
will New Regulations Change the Industry?
-
The Future of HFT: How will High-frequency Trading Evolve in
Ever-changing Technology and Regulatory Environments?
Tech2Trade
Expo 2013, to be held in New York City, London, Chicago, Singapore
and Frankfurt, is the world's most influential alternative
investments forum for the hedge fund, high-frequency trading and
derivatives communities. With dozens of practitioners, experts and
regulators speaking in our programs, Tech2Trade Expo 2013 provides
hundreds of investors, traders and portfolio managers with the key
lessons, proven recipes and penetrating insights they are looking for
to capture alpha in up and down markets.
High
Frequency Trading Leaders Forum 2013 is produced by
Golden Networking (http://www.goldennetworking.net),
the premier networking community for business executives,
entrepreneurs and investors. Panelists, speakers and sponsors are
invited to download our Information Package or contact Golden
Networking directly by calling +1-414-FORUMS0 or sending an email to
information@goldennetworking.net.
Media
Contact:
Julia
Petrova
Media
Relations Coordinator
Golden
Networking
+1-414-FORUMS0
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