Level Global Will Pay $21.5 Million in Insider-Trading Case
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Level Global Investors LP agreed to pay more than $21.5 million to settle U.S. regulatory claims that it engaged in repeated insider trading in Dell Inc. and Nvidia Corp. securities.
The settlement with the Greenwich, Connecticut-based hedge-fund advisory firm follows 2012 cases against the firm’s founder, Anthony Chiasson and a former analyst, Spyridon “Sam” Adondakis, the Securities and Exchange Commission said in a complaint filed today at U.S. District court in Manhattan.