The Directors of Jasper Capital Limited, a UK based corporate finance
and advisory firm regulated by the UK’s Financial Services
Authority, wish to make clear that Jasper Capital Limited is in
no way associated with Jasper Capital LLC; neither has Jasper Capital
Limited, or any of its operating subsidiary companies had any dealings
with Jasper Capital LLC.
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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