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Robert Kwok, Ex-Yahoo Director, Faces Insider Trading Charges

By CRONKITE – Wed May 23, 2012 10:22am – No Comments

“(Reuters) – Federal prosecutors on Monday announced insider trading charges against a former Yahoo employee and a fund manager for illegally sharing and trading on secret company information.

The pair pleaded guilty in Manhattan federal court on Monday, the Manhattan U.S. Attorney’s office said in a press release.

They were also charged by U.S. securities regulators in a parallel civil proceeding. The SEC said it is pursuing a civil settlement with the two.

Prosecutors said Robert Kwok, 36, a former senior director of business management at Yahoo, had illegally tipped Reema Shah, 40, about an impending July 2009 partnership between Yahoo and Microsoft.”

Full article

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Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,292.00 -0.17% NASDAQ 3,478.81 -0.10% S&P 500 1,648.35 -0.21% VIX 16.61 -1.13%	SPX 500 (CFD) 1,648.70 -0.19% DOW (CFD) 15,287.50 -0.20% NASDAQ 100 2,993.00 -0.10% EURUSD 1.339 -0.01%	UK 6,344.00 -0.47% GERMANY 8,205.30 -0.29% FRANCE 3,843.80 -0.43% SPAIN 8,107.50 -0.89%	H. KONG 20,986.90 -1.13% JAPAN 13,245.20 1.83% KOREA 1,888.31 -0.65% SHANGHAI 2,143.45 -0.73%	NAT GAS 4.16 0.17% GOLD 1,370.60 0.29% SILVER 21.61 -0.30% COPPER 3.13 -0.81%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR 0.17 -4.00% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 2.12 -0.33% GERMAN 10YR 1.56 -0.64% ITALIAN 10YR 4.31 0.40% SPAIN 10YR 4.56 0.15%	WTI 98.53 0.09% BRENT 106.32 0.28% WTI/BRENT 7.79 321 CR SPR 21.96 10.04%