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...
AMDAdvanced Micro Devices Inc
$126.759.12%
Edge Rankings
Momentum
23.00
Growth
97.05
Quality
76.08
Value
16.13
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in