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September 14, 2006
Hedge Fund Broker Indicted
A hedge fund broker has been indicted for helping clients in trading mutual fund shares after hours. According to a statement from the New York Attorney General's office, James Wilson, a stockbroker from New York-based Trautman Wasserman & Co., Inc., was charged with crimes related to late trades he placed on behalf of the firm's hedge fund clients in the past few years. The charges include a scheme to defraud in the first degree, falsifying business records in the first degree and securities fraud in violation of New York State's Martin Act.
Read my previous post titled "Possibility of Hedge Fund Invasion Ruled Out" to know about the rumors of hedge fund invasion.
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