US goes after illegal insider trading by hedge funds and private equity managers with secret Securities and Exchange Commission data-mining project
Peter Oberois
Oct. 19, 2009

After Rajratnam arrest, it is time for other hedge fund managers and private equity king pins, says some think tanks. The secret Securities and Exchange Commission data-mining project set up to pinpoint clusters of people who make similar well-timed stock investments help FBI and other law enforcement agencies in pin pointing the culprits.

The Federal agents then can then use the wire traps and other means to go after the white caller culprits.

Federal and State Investigators have struggled for years to build cases against large institutional investors such as hedge fund managers, and private equity war lords who often deflect regulatory queries about suspiciously timed bets, arguing they’re statistical flukes amid their millions of trades. The case against Rajaratnam, built on recorded conversations within a web of alleged conspirators, offers a glimpse of how U.S. investigators are using more aggressive tactics to cut through the blizzard of trading and trace the flow of information.

The hedge funds are now worried. They milked the systems during Bush era of complacency and ‘free for all’ time. The Obama Administartion is eager to corner these culprits that make it impossible to trade in affair way.

The hedge funds atrocities and insider information exchange made the stock market a corrupt pit of gambling den.

US goes after illegal insider trading by hedge funds and private equity managers with secret Securities and Exchange Commission data-mining project
Peter Oberois
The secret Securities and Exchange Commission data-mining project set up to pinpoint clusters of people who make similar well-timed stock investments help FBI and other law enforcement agencies in pin pointing the culprits.
READ MORE>>

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