13 Accused of Trading as Insiders
Wall Street executives tipping hedge fund traders about potential upgrades or downgrades of stocks, information sure to move a stock’s price; leaking information about pending mergers and acquisitions, and taking kickbacks to get access to hot deals. In the middle, authorities say, was a hedge fund manager looking for an edge.
The
SEC, hasn't been heard from much in the past few years I, thought they might have gone the way of the
DEP.
In the coming years the SEC will surely be looking more closely at the Web and all the shenanigans that are erupting everyday