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U.S. poised to bring more insider trading cases

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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-19-09 09:05 PM
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U.S. poised to bring more insider trading cases
http://www.reuters.com/article/topNews/idUSN1945834420091020?feedType=RSS&feedName=topNews&rpc=76&pageNumber=1&virtualBrandChannel=11617

BOSTON/WASHINGTON (Reuters) - Fresh from laying charges in the largest hedge fund insider trading case in history, U.S. federal investigators are poised to bring further "significant" cases.

The targets will include financial professionals also involved in insider trading, a source familiar with the matter said. It was not immediately clear whether the new cases will be related to the one that ensnared hedge fund founder Raj Rajaratnam and executives from some of the largest U.S. companies.

The rest of the article says that things have changed at the SEC. When they got the blackeye from the Maddoff case, the top guy(s) were changed and the attys don;t have to get permission to investigate, get subpeonas, and file indictments. The supervisors now have that authority.
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