Jasper Capital Limited clarifies confusion over SEC litigation | Jasper Capital Limited clarifies confusion over SEC litigation -
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Jasper Capital Limited clarifies confusion over SEC litigation

United Arab Emirates: Sunday, June 03 - 2007 @ 14:18

Confusion has arisen over the United States Securities and Exchange Commission (“SEC”) announcement dated 1st March, 2007 of insider trading charges that have resulted in a number of clients and prospective clients seeking clarification of our position.

The SEC Litigation Release No. 20022 announced insider trading charges against fourteen defendants in connection with two related insider trading schemes in which, it is alleged, Wall Street professionals serially traded on material, non-public information tipped, in exchange for cash by insiders at UBS Securities LLC and Morgan Stanley & Co., Inc.

The press release lists the fourteen defendants including a company by the name of Jasper Capital LLC – a New York City based day trading company with which one of the fourteen defendants is associated.

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Sunday, June 3- 2007 @ 14:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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