I'm not in love with the capitalist system, especially the steroid-bloated version of the past 30 years. But if we're going to have capitalism, the only way it can work for small investors is if we have access to accurate information about the risks. In a system rife with insider-trading, small investors don't have a ghost of a chance, so I hope this investigation ends with some high-profile indictments and convictions:
Federal authorities, capping a three-year investigation, are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders, and analysts across the nation, according to people familiar with the matter.
The criminal and civil probes, which authorities say could eclipse the impact on the financial industry of any previous such investigation, are examining whether multiple insider-trading rings reaped illegal profits totaling tens of millions of dollars, the people say. Some charges could be brought before year-end, they say.
rest at http://crooksandliars.com/susie-madrak/feds-preparing-charges-massive-inside
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