Spotlight On Hedge Fund Trading Activities

Law360, New York (December 14, 2009, 3:07 PM EST) -- Criminal and civil complaints filed by the U.S. Department of Justice and the Securities and Exchange Commission against 20 individuals in two separate waves during the last two months signal a new, aggressive posture taken by the federal agencies in pursuing insider trading activities at hedge funds.

To develop these cases, federal prosecutors took a page out of their organized crime-busting playbook by patiently using wiretaps, cooperating witnesses and surreptitious consensual recordings over a period of nearly two years to capture conversations among defendants, including Galleon...
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