The government’s increasingly aggressive pursuit of insider trading at hedge funds caught several lawyers on Thursday—and a hedge fund manager with a J.D. from Santa Clara University’s law school.
In New York, Ropes & Gray associate Arthur Cutillo was arrested along with two other lawyers and other traders in an insider trading ring that the government says netted $10 million. Authorities also charged 13 more individuals in the separate, widening Galleon Group insider trading probe, including Ali Far, the hedge fund manager who has a law degree.
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