Thursday, May 02, 2013

SEC subpoenas ‘political intelligence’ firms in a case of leaked information - The Washington Post

SEC subpoenas ‘political intelligence’ firms in a case of leaked information - The Washington Post:

" The latest case emerged April 1 when Height Securities, a Washington-based stock brokerage firm, alerted its clients that the government would soon make a decision favoring private health insurers who participate in a Medicare program.

The alert went out 18 minutes before the end of the trading day, sparking a surge in trading in the shares of several major health-care firms, including Humana and Aetna. The official government announcement was made after trading closed for the day."

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