Balyasny Asset Management controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2010
Reported examination in wider insider-trading investigation
BAM was reported to have been among firms examined in the government’s broader investigation related to the Galleon case. The available reference does not establish criminal charges or a finding of wrongdoing against BAM itself.
2009
Investigation concerning suspected EMC information transfer
BAM investigated whether former analyst Mark Adams had passed information about EMC Corporation to Steven Fortuna, who later pleaded guilty in the Galleon Group insider-trading case. BAM told investors that it had not found improper activity by the firm, while closing the satellite office involved and terminating the individual concerned.