FSA's Fine of David Einhorn and Greenlight Capital for Insider Trading ViolationJohn C. Ahern,Maria Elena Angulo,Daniel Bushner,Alexander A. Gendzier,Henry Klehm,Joan E. McKown,Harriet Territt, March 2, 2012
On January 12, 2012, the United Kingdom's Financial Services Authority levied a fine on David Einhorn and his hedge fund, Greenlight Capital, Inc., in the total amount of £7,288,795 (approximately $11.6 million) in civil penalties for trading on inside information. The FSA determined that the...