Some new details have emerged about this controversial SEC insider trading investigation, courtesy of former Pequot employee, David Zikha's divorce proceedings. The filings show that Zikha, who joined Pequot from Microsoft back in 2001 received a nearly $2 million payment from Pequot and was still owed another $700,000 due this April.

No explanation was given for exactly what Zikha was being compensated. There has already been more than a suggestion that Zikha was hired by Pequot specifically because of the information he could offer about Microsoft and it appears that Zikha was unceremoniously dumped by Pequot once his sources at his former employer had been tapped out.

Apparently both Zikha and the folks at Pequot have been working hard to keep the trial proceedings locked down, but the Senate Judiciary Committee, which as been monitoring the case was able to obtain he Zikha financial docs from the court. Interesenté... Lots more here, at FinAlternatives.

--MDT

Labels: Arthur Samberg, David Zikha, insider trading, Pequot Capital