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Galleon Insider Trading Trial

Rajaratnam's brother reaches insider trading deal with SEC

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NEW YORK Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission. The settlement was filed on Thursday by the SEC in New York federal court, three months after a federal jury in Manhattan acquitted Rengan Rajaratnam of conspiring to engage in insider trading, a rare defeat for

Rengan Rajaratnam, SEC to settle civil insider trading charge

NEW YORK Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission.

The headquarters of the Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg

Galleon case a new front for SEC?

(Westlaw News) - When the SEC brought charges against former Goldman Sachs director Rajat Gupta in an administrative proceeding -- rather than in federal court -- it signaled a possible new front in the SEC's pursuit of insider-trading cases.  Learn More