X

Latest News

Ex-Nomura Manager Admits to Insider Plot With Wife’s Account

A former risk manager at Nomura Holdings Inc.’s Americas division in Manhattan pleaded guilty to securities fraud, admitting he traded last year using inside information about a private equity fund’s planned takeover of a technology company.

Avaneesh Krishnamoorthy was accused in April of reaping about $48,000 from trades in the analytics firm NeuStar Inc. after learning Golden Gate Capital LP planned to buy it. Krishnamoorthy snapped up hundreds of NeuStar shares through an undisclosed brokerage account the day after Nomura circulated a confidential email about the deal, which it helped finance.

Read more

Tags:

Leave a reply

Your email address will not be published. Required fields are marked *