The Securities and Exchange Commission yesterday charged a man in California for providing illegal tips to a hedge fund manager friend, related to the case which earlier this year saw Diamondback Capital Management pay a $9 million settlement.

The SEC charged Hyung Lim with providing hedge fund manager Danny Kuo with nonpublic information ahead of Nvidia’s quarterly earnings announcements. In return, Lim got $15,000 and stock tips about an impending acquisition at another firm, the Commission says.

Meanwhile, Kuo allegedly passed on the tips to the multi-billion dollar hedge fund firms Diamondback Capital Management and Level Global Investors, both of which were charged earlier this year along with Kuo as part of an SEC crackdown on trading activities at hedge funds.

In January Diamondback, which is based in Stamford, CT, agreed to pay over $9 million to settle the insider-trading charges, which related to Dell and Nvidia stock. As part of the agreement it submitted a statement of facts to the SEC and signed a non-prosecution agreement with the US Attorney’s Office for the Southern District of New York. The settlement included more than $6 million in ill-gotten gains and a $3 million civil penalty. The hedge fund also consented to a judgment permanently enjoining it from future violations of federal anti-fraud laws.

According to a complaint filed in a federal court in Manhattan, the illicit gains (combined at both firms) in the Dell and Nvidia insider trades exceeded $62.3 million and $15.7 million, respectively.