Pasternak Looks Ahead
Traders Magazine, September, 2008
Earlier this year, Kenny Pasternak, former chief executive of Knight Trading Group, now Knight Capital Group, was found not guilty of charges brought by the Securities and Exchange Commission that he took part in fraudulent trading practices and failed to perform his supervisory duties when he was Knight's CEO. Last year, he was found guilty of supervisory violations related to the fraud charges by an NASD hearing panel.
Pasternak has run the Chestnut Ridge Capital hedge fund from his office in northern New Jersey for the past five years. He also owns about 25 percent of wholesaler Hudson Securities. He spoke with Traders Magazine about the trials and his public statement that he was "re-engaging in the industry."
* On his win in federal court-
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