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SEC Charges Former SG Cowen Managing Directory with Insider Trading and Fraud in Connection with "PIPE" Offerings Washington, D.C., April 21, 2005 - The Securities and Exchange Commission charged Guillaume Pollet, a former managing director of SG Cowen & Co., with insider trading and fraud by short selling the stock of companies prior to the companies closing on a private offering of stock, including offerings in which SG Cowen invested. The private offerings are often referred to as "PIPEs" for "private investment in public equity." At the time of the misconduct, Pollet was in charge of investing SG Cowen proprietary funds in PIPE transactions. Click Here to Read Article |
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