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| Economy |
| US poised for more insider trading charges |
| 2010-11-21 |
| US authorities are preparing fresh insider trading charges in what could prove one of the biggest investigations in Wall Street's history, according to US press reports. An area of focus of the three-year investigation are so-called "expert networks", or conversations between investors and former and current employees of companies they are considering investing in. Though widely used in the US, the networks are not supposed to pass on confidential information about the companies. The investigation by federal prosecutors in New York, the FBI and the Securities and Exchange Commission is examining whether these networks were used to generate millions of dollars through trading on insider information, according to a report in the Wall Street Journal. |
| Posted by:tipper |