FINANCIAL TIMES: US authorities have increased the number of new investigations into insider trading by almost half in the past year, building on their recent crackdown on corruption among professional traders.
James Barnacle, a supervisor of the Federal Bureau of Investigation’s economic crimes unit in Washington, said the number of new FBI investigations into insider trading was up 43 per cent nationwide for the fiscal year that ended September 30…
Last year prosecutors won the conviction of Raj Rajaratnam, the founder of Galleon Group, and about a dozen others alleging a ring of insider trading. Rajat Gupta, the former director of Goldman Sachs, was convicted in June, making him the highest ranking corporate executive charged in the clampdown… (more)
