{"id":5733,"date":"2014-12-09T00:00:00","date_gmt":"2014-12-09T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/12\/exameriprise_manager_who_helpe"},"modified":"2022-03-11T13:34:30","modified_gmt":"2022-03-11T19:34:30","slug":"exameriprise-manager-who-helpe","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exameriprise-manager-who-helpe\/","title":{"rendered":"Ex-Ameriprise Manager Who Helped with SAC Capital Insider Trading Case Settles Charges Against Her"},"content":{"rendered":"

\t\t\t\tFormer Ameriprise Financial (AMP)<\/a> Manager Reema D. Shah, who pleaded guilty to securities fraud earlier this year, will pay $390,103 to settle both the criminal and Securities and Exchange Commission cases against her. Shah, who was a tech stock picker for Ameriprise subsidiary RiverSource Investments, LLC, illegally recommended Yahoo Inc. stock in 2009 after she became privy to nonpublic data about a search engine partnership between the technology company and Microsoft Corp.<\/p>\n

According to government officials, Shah traded information between \u201904 and \u201909 with research analysts, hedge fund managers, and consultants, including Robert W. Kwok, who was the source of the data about Yahoo and Microsoft. Shah previously gave information to Kwok about the company Autodesk and its acquisition of Moldflow Corporation. Kwok went on to buy 1,500 Moldflow shares, allegedly because of the tip, and made a $4,750 profit.<\/p>\n

The regulator claims that because of the insider trading information that Kwok gave her, Shah compelled certain funds that she helped manage to buy about $700,000 Yahoo shares. These were later sold at a $388,807 profit.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Former Ameriprise Financial (AMP) Manager Reema D. Shah, who pleaded guilty to securities fraud earlier this year, will pay $390,103 to settle both the criminal and Securities and Exchange Commission cases against her. Shah, who was a tech stock picker for Ameriprise subsidiary RiverSource Investments, LLC, illegally recommended Yahoo Inc. stock in 2009 after she […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3811,3760,3795],"tags":[2925,3473,2961],"class_list":["post-5733","post","type-post","status-publish","format-standard","hentry","category-insider-trading","category-sec-enforcement","category-sec-settlements","tag-ameriprise","tag-reema-shah","tag-sec"],"yoast_head":"\nEx-Ameriprise Manager Who Helped with SAC Capital Insider Trading Case Settles Charges Against Her — Investor Lawyers Blog — December 9, 2014<\/title>\n<meta name=\"description\" content=\"An ex-Ameriprise manager has agreed to settle both criminal and SEC charges against her in relation to a insider trading case.\" \/>\n<meta name=\"robots\" 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