Insider Trading Study Points Regulators To Wall Street

Law360, New York (January 15, 2008, 12:00 AM EST) -- A new academic study on insider trading by investment banks involved in mergers and acquisitions has regulators scrambling to investigate further. While the research has raised concerns, some experts say the problem may not be all that serious.

Federal regulators including the U.S. Securities and Exchange and various self-regulatory organizations have reportedly begun looking into whether investment banks hired as advisors for major deals have purchased chunks of shares just before the announcement of the deal based on inside information.

Though insider trading on Wall Street...
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