An independent research analyst John Kinnucan was arrested Thursday night by Federal Agents at his home in Portland, Oregon, as part of an ongoing insider-trading investigation.
The researcher was charged with illegally providing hedge funds tips as a part of his consulting service.
It is reported by Reuters that, Kinnucan between the years 2008 and 2010 paid insiders with cash, trips and other perks to get secret information, including sales trends for Apple Inc’s iPhone.
Michael Zimmerman’s Prentice Capital is having a strong year
Prentice Capital was up 15.3% net last month, bringing its year-to-date gain to 49.4% net. Prentice touted its ability to preserve capital during market downturns like the first quarter of this year and the fourth quarter of 2018. Q3 2020 hedge fund letters, conferences and more Background of Prentice Capital The fund utilizes a low Read More