Tuesday, June 11, 2013

Insider Probe Hits Congress

According to the WSJ  the FBI has shifted the focus of a broadening insider-trading investigation to Congress, seeking information to determine whether one of Sen. Charles Grassley's aides may have been involved in sharing information about an important government decision with Wall Street this spring, said a person familiar with the matter….

In addition to the FBI probe, the Justice Department last month sent Mr. Grassley's office a letter seeking information on the same Grassley health-care aide, Rodney Whitlock, said a person familiar with the matter.  The Justice Department and FBI want to know about communications Mr. Whitlock may have had with people and entities who had a role in passing along word of the government decision to investors, said people familiar with the matter.

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