Doug Whitman, a hedge fund manager with Whitman Capital, has been charged with insider trading of tech stocks by federal prosecutors. The Securities and Exchange Commission is also pursuing Whitman in a parallel civil case. Whitman surrendered to the Federal Bureau of Investigation on Friday, pled not guilty at a hearing in federal court, and was released on a $1.5 million bond. Whitman traded on the basis of lawful research and analysis and is innocent of the charges, said his attorney, David L. Anderson of
Sidley Austin.
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Hedge Fund Manager Busted for Insider Trading of Tech Stocks
Posted by: Erika Morphy February 13, 2012 08:51 AMDoug Whitman, a hedge fund manager with Whitman Capital, has been charged with insider trading of tech stocks by federal prosecutors. The Securities and Exchange Commission is also pursuing Whitman in a parallel civil case. Whitman surrendered to the Federal Bureau of Investigation on Friday, pled not guilty at a hearing in federal court, and was released on a $1.5 million bond. Whitman traded on the basis of lawful research and analysis and is innocent of the charges, said his attorney, David L. Anderson of
Sidley Austin.