Qtec
11-23-2010, 03:20 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Feds Raid 3 Hedge Funds Linked To Trading Probe
The FBI and other law enforcement agencies are investigating insider trading by hedge funds, mutual funds and investment bankers. The companies allegedly earned tens of millions in illegal profits using secret information about mergers, the Wall Street Journal reported this weekend.
Diamondback and Level Global both are run by former managers of SAC Capital Advisors LP, of Stamford, Conn. Diamondback manages about $4.71 billion, according to public filings. Level Global manages $3.09 billion, filings show.
Loch Capital is run by brothers Timothy and Todd McSweeney. The brothers have been linked in news reports to hedge-fund manager Steven Fortuna. Fortuna pleaded guilty last year to charges stemming from an earlier insider trading investigation by the Securities and Exchange Commission.
The raids come a month after U.S. Attorney Preet Bharara in Manhattan told the New York City Bar Association that white-collar crime was on the rise, carried out by Wall Street heavyweights who consider inside information <span style="color: #CC0000">"a performance enhancing drug that provides the illegal 'edge' to outpace their rivals and make even more money."</span> </div></div>
..........and lets not forget the 'F--k the small investor in the process' fact.
This low life must be gang connected. What are they, Crips?, Bloods?, MS16?, Rotary Club?.................
Q
The FBI and other law enforcement agencies are investigating insider trading by hedge funds, mutual funds and investment bankers. The companies allegedly earned tens of millions in illegal profits using secret information about mergers, the Wall Street Journal reported this weekend.
Diamondback and Level Global both are run by former managers of SAC Capital Advisors LP, of Stamford, Conn. Diamondback manages about $4.71 billion, according to public filings. Level Global manages $3.09 billion, filings show.
Loch Capital is run by brothers Timothy and Todd McSweeney. The brothers have been linked in news reports to hedge-fund manager Steven Fortuna. Fortuna pleaded guilty last year to charges stemming from an earlier insider trading investigation by the Securities and Exchange Commission.
The raids come a month after U.S. Attorney Preet Bharara in Manhattan told the New York City Bar Association that white-collar crime was on the rise, carried out by Wall Street heavyweights who consider inside information <span style="color: #CC0000">"a performance enhancing drug that provides the illegal 'edge' to outpace their rivals and make even more money."</span> </div></div>
..........and lets not forget the 'F--k the small investor in the process' fact.
This low life must be gang connected. What are they, Crips?, Bloods?, MS16?, Rotary Club?.................
Q