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WSJ: Feds Preparing Massive Sweep Of Insider Trading In Financial Sector


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.

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The criminal and civil probes, which authorities say could eclipse the impact on the financial industry of any previous such investigation, are examining whether multiple insider-trading rings reaped illegal profits totaling tens of millions of dollars, the people say. Some charges could be brought before year-end, they say.

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.

One focus of the criminal investigation is examining whether nonpublic information was passed along by independent analysts and consultants who work for companies that provide "expert network" services to hedge funds and mutual funds. These companies set up meetings and calls with current and former managers from hundreds of companies for traders seeking an investing edge.


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Not to diminish what they are doing

Not to diminish what they are doing but we have billions/trillions of dollars going to criminals but they are getting the folks for tens of millions? Glad for any crook to reap what they sow, but it seems they are just getting the low hanging fruit on this one!

Maybe it will lead to more down the road. We can only hope it will.

The little pigs squeal the loudest.

The Rothschilds and Rockefellers are trained to go under the bus if needed, never taking down "the House." Those who are just in it for money will sell their story for their soul, when you take away their usual income stream.
This is lighting a fuse, and who knows how big the BOOM is going to be?

Love or fear? Choose again with every breath.


And I want to recognize the name and the face...

Love or fear? Choose again with every breath.

I agree

I second that comment!