Skip to main content
Advertising

Originally published Monday, April 29, 2013 at 1:31 PM

  • Share:
           
  • Comments (0)
  • Print

Level Global paying $21.5M in SEC settlement

Level Global Investors, a hedge fund with a co-founder convicted of criminal insider trading, will pay $21.5 million to settle related civil charges.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

WASHINGTON —

Level Global Investors, a hedge fund with a co-founder convicted of criminal insider trading, will pay $21.5 million to settle related civil charges.

The Securities and Exchange Commission announced the settlement Monday with Level Global over charges that co-founder Anthony Chiasson and a former firm analyst Spyridon "Sam" Adondakis illegally used confidential information to trade in Dell and Nvidia stock. Level Global, based in Greenwich, Conn., neither admitted nor denied the allegations.

The SEC said insider trading at Level Global occurred repeatedly in 2008 and 2009. The agency filed civil charges in January 2012 against the firm, Chiasson, Adondakis and six other defendants.

Chiasson was convicted of insider trading in December. Adondakis pleaded guilty to related criminal charges in April 2011. He settled the SEC charges.

News where, when and how you want it

Email Icon

The Seattle Times Historical Archives

Browse our newspaper page archives from 1900-1984


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►