U.S. Attorney’s Office for the Southern District of New York and U.S. Securities and Exchange Commission Investigate Massive Insider Trading Ring

22 November 2010
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This client memo discusses the recently reported federal investigation of alleged insider trading rings, which supposedly involve hedge funds, mutual funds, investment banks, and expert-network consultants nationwide. The memo also describes how such a large-scale investigation would be consistent with promises made by senior federal officials to take on the issue of insider trading, by means—such as wiretaps—usually saved for organized crime matters.