The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Neuberger Puts an Analyst on Leave Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 05, 2011

Neuberger Puts an Analyst on Leave

News summary by MFWire's editors

The SEC investigation into insider trading at hedge funds has put one research analyst on leave. Fayad Abbasi, a research analyst at Neuberger Berman Group LLC [profile], is on leave but not for the right reasons.

Bloomberg reports that Neuberger placed the analyst on paid leave after his name emerged at the insider-trading trial of James Fleishman, a former Primary Global Research LLC sales executive.

Authorities have not charged Abbasi with any wrongdoing.

Fleishman reportedly sent e-mails to his customers that contained nonpublic information about technology companies, and Abbasi's name has surfaced on at least one of the e-mails. Fleishman was convicted Sept. 20 of conspiracy and securities fraud. Fundaters looking for more dirt on the investigation may want to check out the rest of the article.

A Neuberger spokesman told the MFWire that the firm is aware of the allegations against Abbasi and said: “Through a news report, we were informed that a research analyst at our company was possibly under investigation. If there is an inquiry, our firm will cooperate with all authorities.”

Reuters also covered the story. 

Correction: A statement from Neuberger Berman has been added to this article.

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use