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Executive accused of illegal trading
 
  Hedgeweb - TUE, APR 13 2010
Funds & Investment An executive at Woori Investment & Securities has been charged by the CFTC with illegally trading natural gas and heating oil futures at his employer??s expense.

Kuen Cheol Song, who works for Singapore-based hedge fund Woori Absolute Partners, made a series of non-competitive, fictitious trades between his personal account and the hedge fund, according to the U.S. Commodity Futures Trading Commission. The scheme has allegedly earned Song more than $348,000 since August.

 
 
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