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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.