Sunday, November 21, 2010

U.S. Pursues Sweeping Insider-Trading Probe -

U.S. Pursues Sweeping Insider-Trading Probe -

"Federal authorities, capping a three-year investigation, are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation, according to people familiar with the matter.

and later:
"The investigations, if they bear fruit, have the potential to expose a culture of pervasive insider trading in U.S. financial markets, including new ways non-public information is passed to traders through experts tied to specific industries or companies, federal authorities say."

We just spoke on insider trading (both legal and illegal) yesterday in class. 
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