The Securities and Exchange Commission is taking Bill Ackman seriously.
Days after the hedge-fund mogul wrote the regulator and complained about alleged insider-trading violations by George Soros’ family fund regarding its trading in Herbalife, the SEC took action.
An SEC lawyer has contacted at least one person who spoke with Soros Fund Management portfolio manager Paul Sohn, who was driving the firm’s Herbalife investment, The Post has learned.
Bill Keep, the dean of the College of New Jersey, who is an expert on pyramid schemes, was recently questioned by Liora Sukhatme, a lawyer in the SEC’s enforcement area.
Sukhatme asked Keep about a meeting he had with Sohn on June 26, he said.
Keep, who has ties with the Federal Trade Commission, declined to elaborate on his SEC chat. Sukhatme did not return a call for comment.
http://www.nypost.com/p/news/business/sec_looking_at_soros_herbalife_trading_UhpdSXoVIl80JexRjHqHdJ
Days after the hedge-fund mogul wrote the regulator and complained about alleged insider-trading violations by George Soros’ family fund regarding its trading in Herbalife, the SEC took action.
An SEC lawyer has contacted at least one person who spoke with Soros Fund Management portfolio manager Paul Sohn, who was driving the firm’s Herbalife investment, The Post has learned.
Bill Keep, the dean of the College of New Jersey, who is an expert on pyramid schemes, was recently questioned by Liora Sukhatme, a lawyer in the SEC’s enforcement area.
Keep, who has ties with the Federal Trade Commission, declined to elaborate on his SEC chat. Sukhatme did not return a call for comment.
http://www.nypost.com/p/news/business/sec_looking_at_soros_herbalife_trading_UhpdSXoVIl80JexRjHqHdJ
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