Crime Fighting at the FBI

November 21, 2010 Debbie Jacobs Hedge Fund News

The FBI is about to launch an unprecedented onslaught of criminal and civil charges related to insider trading against major Wall Street investment bankers, hedge fund traders, mutual fund traders, consultants and analysts.

The culmination of the three years of FBI investigations will 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,” unnamed federal authorities were quoted as saying in the Wall Street Journal.

The authorities also stated that this investigation’s impact on the financial industry would “eclipse” the effect of any previous such probes, particularly because they are now focusing on the many insider-trading rings who are reaping millions of dollars in illegal profits.

criminal charges, FBI, insider trading, Wall Street.,

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