California Hedge Fund Manager Agrees to $1.8 Million Settlement in Raj Rajaratnam Insider Trading Case

The SEC announced that the United States District Court for the Southern District of New York has entered a final judgment approving a $1.8 million settlement between the SEC and hedge fund manager Douglas F. Whitman and his firm Whitman Capital. The case arose from the SEC's investigation of insider trading perpetrated by Raj Rajaratnam.

See: SEC Litigation Release.Related News: "SEC Obtains Final Judgment on Consent as to Raj Rajaratnam" (December 27, 2012).