SEC Says Traders Used Inside Info On Fortress, SoftBank Deal
By Bill Wichert ( February 24, 2017, 10:06 PM EST) -- The U.S. Securities and Exchange Commission on Friday hit unknown traders of securities of private equity firm Fortress Investment Group LLC with a lawsuit alleging they reaped about $3.6 million in profits based on inside information about Japanese telecommunications and internet giant SoftBank Group Corp.'s impending $3.3 billion acquisition of Fortress....
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