Federal authorities are pursuing charges against individuals at three prominent investment firms, including a large mutual-fund company, in a new phase of a high-profile insider-trading case that has shaken Wall Street, people familiar with the matter have told the Wall St Journal.
Investigators are focusing on an analyst at mutual-fund firm Neuberger Berman Group LLC and traders who worked at hedge funds Diamondback Capital Management LLC and Level Global Investors LP, the people say. Law-enforcement officials expect charges against the individuals to be filed by mid-December, the people say.
The charges, if they are brought, would represent a significant broadening of an insider-trading investigation ...
Find out more at http://online.wsj.com/article/SB10001424052970204397704577070423777097892.html?mod=WSJ_business_LeadStoryCollection
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