Court Enters Final Judgment Against "Rengan" Rajaratnam For Insider Trading

The United Stated District Court for the Southern District of New York entered a final judgment by consent against former hedge fund manager Rajarengan "Rengan" Rajaratnam.

The court ordered Mr. Rajaratnam to pay a fine and enjoined him from future violations of federal securities laws. Additionally, Mr. Rajaratnam agreed to be barred from associating with any securities-related business, with the right to apply for reentry after five years.

See: SEC Litigation Release.Related news: SEC Litigation Release Regarding "Rengan" Rajaratnam Insider Trading Case (March 25, 2013); SEC Charges "Rengan" Rajaratnam with Insider Trading (March 21, 2013); SEC Obtains Final Judgment on Consent as to Raj Rajaratnam (December 27, 2012); SEC Charges Silicon Valley Executive for Role in Galleon Insider Trading Scheme (October 26, 2012).