Market Overview

Insider Trading Probe Expands Into Corporate America


Charlie Gasparino is reporting on Fox Business Network that the United States Justice Department has subpoenaed dozens of companies across the country regarding its insider trading investigation.

This has expanded the focus of the massive insider trading probe beyond the trading activities at major hedge funds to include whether corporate executives shared potentially market moving data with traders or other intermediaries.

Mr. Gasparino noted that “It is unclear if company officials -- or possible "tippers" of allegedly illegal insider information -- are actual targets of the burgeoning probe, but this person said they are clearly on the DoJ's radar screen.”

To read the full article, please click here.

Posted-In: Charlie Gasparino Fox Business NetworkNews Hedge Funds Movers & Shakers Insider Trades


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