Next Target For Insider Trading Probe?

Which firms will be the next targets for the accelerating federal investigations into insider trading violations? Just this week, four people were arrested as a part of "Phase I" investigations. The government has mentioned that "Phase II" will be a much larger round of arrests and accusations. So, which names will be highlighted in the next phase? Although no one knows for sure, many people have offered guesses. It is public knowledge, for example, that SAC Capital, Janus Capital, and Wellington Management have received federal requests for information. Yesterday,
Bloomberg reported
that at least one employee of Advanced Micro Devices
AMD
were arrested in connection with the insider trading probes. On December 10th, a Dell
DELL
employee plead guilty to conspiracy to commit securities fraud.
Primary Global Research
has also been involved in insider trading probe arrests. Currently, one executive of Level Global Advisors is providing information to the FBI. Loch Capital Management, one of the hedge funds
raided last month
, is closing its doors. Flextronics International
FLEX
employee Shimoon and Taiwan Semiconductor
TSM
employee Manosha Karunatilaka were both charged recently with conspiracy to commit securities fraud. The list could go on. More speculation about future firms - or more employees of existing firms - will undoubtedly continue.
Loading...
Loading...
AMD Logo
AMDAdvanced Micro Devices Inc
$126.759.12%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
23.00
Growth
97.05
Quality
76.08
Value
16.13
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...