Sources: SEC Gearing Up For Insider-Trading Crackdown

Bloomberg:

Federal investigators are gearing up to file charges against a wider array of insider-trading networks, some linked to the criminal case against billionaire hedge-fund manager Raj Rajaratnam that shook Wall Street last week, people familiar with the matter said.

Read the whole story: Bloomberg

Comments

[spinns17]

maybe they should wait for the next bailout to do anything.

[NeoconGal]

Ever stop to wonder why they are gearing up to go after insider trading in the hedge funds and not both them and the banks?

[balancedsolution]

Fantastic!

Gearing up for it.

Why couldn't we have done this last year or two years ago?

Why did they make Martha pay when so much more corruption was going on.

Please tell my Kozlowski is in prison for life.

[fairplaystacy]

Operation Domino - the first one to fall

[chayefsky]

$18million? Small potatoes. Let's fry some Big Fish to go with those Small Potatoes! Is this the best the SEC can do?

[World Citizen]

That is good news if SEC really goes after inside-traders and stock manipulators. I'm wondering how they got started with this Rajaratnam. Was it because of a disgruntled unpaid tipper, or was it because of his alleged financing of Tamil Tigers?

[comicpro]

I am still amazed that TRILLIONs of losses have occured with definte trails of corruption, insider trading and collusion at the least yet very few have gone to jail. Maybe the people should just start taking matters into their own hands:)

[trintod]

We needless sensationalism and more reporting about the problems real people face on a day by day basis. There's a lot of angry & scared people who have lost jobs, house, and sanity.

good articles; http://ow.ly/dmzm

Need more change from Obama

[swisskabab]

Some excellent comments at the end of this article ... reveals truth about how McKinsey and
other corporate bigwigs of Indian origin at US corporations have RAPED America:

http://www.spendmatters.com/index.cfm/2009/10/16/Godfather-of-KPO-and-McKinsey-Director-Anil-Kumar-Arrested

[GerryS]

lock up this overfed criminal---------

[windup]

Well they're gearing up with a new watchdog leading the way- a Goldman Sachs man.

[sposton]

The problem with Madoff and this latest bozo is that the system implies these are exceptions, just some bad apples. The real truth is that the whole system is a criminal enterprise licensed and protected by the US government.

[FoonTheElder]

As usual 99% of the corporate criminals will continue laughing all the way to the bank, while a few examples take the punishment.

[vippy]

I have to agree. A little too late and yet they want to publicly address the derivatives and again
they left loopholes. Why, one asks, the answer should be clear, it is all a dog and pony show for us. Seems to me we are run by something like the Mafia and it gets clearer with every passing day.

[dhfsfc]

Ah, yes! Another big "initiative" announced to great fanfare by the Obama administration.

And just a few days ago, the SEC announced the new COO of Enforcement would be a 29-year-old who came from . . . GOLDMAN!

[vippy]

A joke, right? How blatantly they sell us for stupid! Where will we end up with them?

[dontgetcaught]

Hey... leave the big jolly Indian guy alone...

[hellboundtrain]

Remember our motto!
"We go after millions,
and maybe even billions,
but forget about the trillions,
perhaps up to a quadrillion."

The SEC
Friends in Service to the Elite!