- - Monday, January 10, 2011

SEC

Fund co-founder faces insider-trading charges

Federal regulators have charged the co-founder of a New York hedge fund and three other individuals with insider trading, the latest action in what the government has called the biggest insider-trading case in U.S. history.

The Securities and Exchange Commission on Monday announced it filed a civil lawsuit against hedge fund Trivium Capital Management, its co-founder Robert Feinblatt and analyst Jeffrey Yokuty. The SEC also filed charges against Sunil Bhalla, a senior executive of Polycom, and Shammara Hussain, an employee at a consulting firm that did work for Google. The agency said they provided confidential information to Mr. Feinblatt and Mr. Yokuty that enabled them to make about $15 million from trading on the information.

So far, the SEC has charged 27 people in the case.

GEORGIA

Deal sworn in as governor

ATLANTA | Georgia’s new Republican governor is urging self-reliance in tough economic times.

In his inaugural address Monday, Nathan Deal said state government cannot and should not be expected to provide for people what they can provide for themselves.

The former congressman from Gainesville also says he will fight the Democratic-backed federal health reform law. He argues that government cannot make or keep people healthy.

Georgia Republicans won every statewide elected office in November’s general elections.

A rare snowstorm in the South forced the ceremony from the steps of the Capitol to the shelter of the House chamber.

CALIFORNIA

Brown seeks tax extension

SACRAMENTO | Gov. Jerry Brown proposed a budget Monday that would slash funding to most areas of state government and maintain a series of tax increases for five years to close California’s huge budget deficit.

Story Continues →