WASHINGTON – 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 Feinblatt and 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.

 

Source: Associated Press