The Wall Street Journal believes that there will be many arrests made of hedge funds and others using illegal insider information to trade in public companies.
Over the past few years a new division of the investment industry has started. The division provides information to investing companies. This information is normally gained from people who consult to, used to work at or still work at public companies. Much of the information focuses on upcoming mergers and acquisitions. Many major companies, including our friends at Goldman Sachs, are mentioned in the article.
According to the Journal, "authorities say (this investigation) could eclipse the impact on the financial industry of any previous such investigation".
Over the past few years a new division of the investment industry has started. The division provides information to investing companies. This information is normally gained from people who consult to, used to work at or still work at public companies. Much of the information focuses on upcoming mergers and acquisitions. Many major companies, including our friends at Goldman Sachs, are mentioned in the article.
According to the Journal, "authorities say (this investigation) could eclipse the impact on the financial industry of any previous such investigation".
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