Matthew Goldstein
SEC Short-Sale Probe Turns to Gryphon Fund
To date, the broad-based inquiry has led to the criminal conviction of a former SG Cowen managing director on insider trading charges and a $1.45 million civil settlement with a former First New York Securities hedge fund manager. Emanuel Friedman, former co-CEO of Friedman Billings Ramsey(FBR) also faces potential civil charges, as does the investment firm he co-founded.
Other Wall Street firms that face potential regulatory action arising from the PIPEs investigation include Knight Trading(NITE) and Refco(RFXCQ.PK), the scandal-tarred commodity and derivatives brokerage.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,468.15 | 1,312.98 | 2,837.00 | 15.81 |
Oil *
101.93
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48.29 |
DOWN
0.34 |
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0.36 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.65
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+0.39%
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-0.03%
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-0.01%
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-2.71%
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