Summary
NEW YORK (HedgeWorld.com) - The NASD has brought a formal disciplinary action against Hilary Shane, a former hedge fund manager, for unlawful insider trading.
The complaint, signed by Cameron K. Funkhouser, the NASD's senior vice president, department of market regulation, asks the NASD disciplinary panel to order Ms. Shane to disgorge all profits realized from the trades in question, as well as the costs of the proceedings.See the full content of this document
Extract
Nasd Brings Action Against Former Hedger
Ms. Shane could not be reached for comment.
This dispute arose out of a private placement in the public equity (PIPE) of Compudyne Corp., in October 2001. Compudyne sells security-rel...See the full content of this document
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