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<blockquote data-quote="Babagounj" data-source="post: 785353" data-attributes="member: 12952"><p style="text-align: left"><span style="color: #000000">A three year FBI investigation into insider trading around the country is about to break, the Wall Street Journal reports.</span></p> <p style="text-align: left"><span style="color: #000000">Federal agents have investigated consultants, hedge funds, mutual fund managers and investment banks, including <a href="http://www.businessinsider.com/fbi-insider-trading-investigation-2010-11?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#" target="_blank">bankers</a> at Goldman Sachs.</span></p> <p style="text-align: left"><span style="color: #000000">More from the <a href="http://online.wsj.com/article/SB10001424052748704170404575624831742191288.html?mod=djemalertNEWS" target="_blank">WSJ</a>:</span></p> <p style="text-align: left"><span style="color: #000000"><strong>The criminal and civil probes, which authorities say could</strong><strong> eclipse the impact on the financial industry of any previous such investigation</strong>, are examining whether multiple insider-trading rings reaped illegal profits totaling tens of millions of dollars, the people say. <strong>Some charges could be brought before year-end</strong>, they say.</span></p> <p style="text-align: left"><span style="color: #000000"><strong>The investigations, if they bear fruit, have the </strong><strong>potential to expose a culture of pervasive insider trading in U.S. financial markets</strong>, including new ways non-public information is passed to traders through experts tied to specific industries or companies, federal authorities say.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">Read more: <a href="http://www.businessinsider.com/fbi-insider-trading-investigation-2010-11?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz15s1iUGWQ" target="_blank">http://www.businessinsider.com/fbi-insider-trading-investigation-2010-11?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+clusterstock+(ClusterStock)#ixzz15s1iUGWQ</a></span></p></blockquote><p></p>
[QUOTE="Babagounj, post: 785353, member: 12952"] [LEFT][COLOR=#000000]A three year FBI investigation into insider trading around the country is about to break, the Wall Street Journal reports. Federal agents have investigated consultants, hedge funds, mutual fund managers and investment banks, including [URL="http://www.businessinsider.com/fbi-insider-trading-investigation-2010-11?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#"]bankers[/URL] at Goldman Sachs. More from the [URL="http://online.wsj.com/article/SB10001424052748704170404575624831742191288.html?mod=djemalertNEWS"]WSJ[/URL]: [B]The criminal and civil probes, which authorities say could[/B][B] eclipse the impact on the financial industry of any previous such investigation[/B], are examining whether multiple insider-trading rings reaped illegal profits totaling tens of millions of dollars, the people say. [B]Some charges could be brought before year-end[/B], they say. [B]The investigations, if they bear fruit, have the [/B][B]potential to expose a culture of pervasive insider trading in U.S. financial markets[/B], including new ways non-public information is passed to traders through experts tied to specific industries or companies, federal authorities say. Read more: [URL]http://www.businessinsider.com/fbi-insider-trading-investigation-2010-11?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz15s1iUGWQ[/URL][/COLOR][/LEFT] [/QUOTE]
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