Greenberg Ends Political Intel Biz Amid Insider Trading Probe

Law360, New York (April 22, 2013, 2:23 PM EDT) -- Stung by Medicare Advantage insider trading investigations, Greenberg Traurig LLP said Saturday it was halting work for political intelligence firms that sell closely guarded information about pending regulations to investors, adding fuel to a drive for greater oversight of the shadowy industry.

Jill Perry, spokeswoman for Greenberg, said the firm cut ties with Height Securities LLC after the two companies’ dealings triggered inquiries into potentially improper leaks of nonpublic information. Earlier this month, a Greenberg attorney reportedly told Height that Medicare Advantage rates would be increased, instead...
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.