Watchdogs tell hedge funds: we are on to your game »
Posted By Radiofreeeuropa 1 month, 1 week ago in Business & Finance
When the FBI arrested Raj Rajaratnam last week, a chill went down the spines of more than a few of his rival hedge fund managers.
Insiders at the Securities and Exchange Commission, the Wall Street watchdog, and at the Justice Department say that there are more civil charges and more criminal prosecutions in the offing. Hedge fund managers need to learn to spot the difference between scouring every possible source for trading ideas, and out-and-out insider dealing, and they had better learn fast.
The question now is whether the hedge fund industry is hooked on insider trading, whether the Galleon case is a singular one starring some really rotten apples
Read Full Story at independent.co.uk »
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Radiofreeeuropa
All progress comes from unreasonable people.
Rats live on no evil star!
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Radiofreeeuropa1 month, 1 week ago
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Insider trading is illegal plain and simple...though these guys are small potatoes, are we going to see a general cleaning house in the Hedge Fund industry?
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