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The SEC is investigating whether information allegedly supplied by a Congressional staffer led to a major case of insider trading. Analysts say firms should take note because the probe could signal a growing interest on the SEC’s part in the relationship between Wall Street and Capitol Hill.
The number of hedge funds, asset management and other investment firms under suspicion in a SEC insider-trading probe involving an alleged Congressional tip-off recently expanded to 44, giving it the potential to become the largest insider-trading case of all time. The probe, which involves “some of the largest hedge funds and asset management advisers in...
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