U.S. Said to Target Wave of Insider-Trading Networks »

Posted By Progressive 2 months ago in Business & Finance

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Bloomberg reports that the Feds are preparing to file charges against “a wider array of insider-trading networks”—some of which are connected to the hedge-fund manager Raj Rajaratnam, who was arrested on Friday in the biggest insider-trading case in decades. The crackdown is based on at least two years of investigation, and targets hedge-fund managers, lawyers, and other Wall Street figures. It relies on wiretaps and an SEC data-mining program that pinpoints similar well-timed investments—signs that the Feds are targeting insider traders with more aggressive tactics.

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There are only two kinds of people who are really fascinating: people who know absolutely everything, and people who know absolutely nothing. -- Oscar Wilde

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    Demzon2 months ago

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    Finally some good news; getting some of those that caused the problems to own up to it legally.

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      reallypsst2 months ago

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      Wow an action that should have been in force for fifty years !

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