Tuesday, February 21, 2012

Analyst Indicted in Insider Probe

According to a Wall St Journal report a Portland, Ore., independent research analyst has been indicted on charges that he obtained nonpublic information from technology-company insiders and sold it to his clients, including hedge funds.

A grand jury in New York returned a four-count indictment against John Kinnucan of Broadband Research LLC on Tuesday. Mr. Kinnucan, 54 years old, was originally charged in a criminal complaint last week.

Mr. Kinnucan has been critical of the tactics of Federal Bureau of Investigation agents and prosecutors in a broad crackdown on insider trading in corporate America….

Read all about it at http://online.wsj.com/article/SB10001424052970203358704577237750429130834.html?mod=WSJ_hp_LEFTWhatsNewsCollection

No comments:

Post a Comment