New Insider Trading Charges Expected in Hedge Fund Probe

According to sources familiar with the investigation, the federal government is poised to bring new charges in its widespread investigation into insider trading practices. The charges in this instance will reportedly be brought against individuals from two hedge funds, Diamondback Capital Management (Diamondback) and Level Global Investors (Level Global). Both hedge funds were raided by the government late last year. The government’s investigation into Diamondback and Level Global stemmed from its inquiry into Primary Global Research (Primary). Numerous individuals associated with Primary have been convicted or pled guilty to leaking confidential information to hedge fund traders.
New York Times: New Round of Insider Trading Charges Is Expected (30 November 2011)
(Source: New York Times)