Sunday, November 21, 2010

U.S. Is Said to Pursue Broad Insider Trading Inquiry

There is an investigation of insider trading that can lead to criminal charges on Wall Street. It is not clear whether or not the investigation is a "sweep" of everything or individual charges. This is apparently being looked at as a big case that will be charging people in the double digits. The Wall Street Journal said on Friday that the charges " “could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation.” So far 23 people have been charged in this investigation, and Goldman Sachs is one under investigation.

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