FBI building insider trading cases on 120 people

[Fundy Gemini]

I thought this was interesting and in line with the current hopeful trend :-)

FBI building insider trading cases on 120 people
Source: http://www.heraldsun.com.au/news/wor...-1226284202497

A few quotes --

FEDERAL authorities are seeking to build insider trading cases against roughly 120 individuals on and off Wall Street in an expanding criminal insider trading investigation that has shaken the financial and corporate worlds.The disclosure - the first time authorities have quantified the number of people under scrutiny - comes on the heels of a string of successful prosecutions of insider trading.
...
The current rings are much broader, involving bankers, analysts, corporate insiders, consultants and traders, he said.Monday's disclosure indicates that arrests could move into new firms on Wall Street and US corporations, and could continue for several more years.

[etm567]

Bravo! Thanks for posting.

ETM