SEC settles with Rengan Rajaratnam


The Securities and Exchange Commission announced on Thursday that former hedge fund manager Rajarengan 'Rengan' Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him.

JPMorgan knew of China hiring issues before U.S. fed got involved

For Hire

Several executives at J.P. Morgan Chase & Co. in New York were warned of potential problems related to the bank’s hiring practices in China more than a year before the program came under scrutiny by the U.S. government, according to people familiar with the matter and documents reviewed by The Wall Street Journal.