U.S. DOJ expanding push against insider trading: WSJ

[admin]

U.S. DOJ expanding push against insider trading: WSJ
from MarketWatch.com - MarketPulse
LOS ANGELES (MarketWatch) -- U.S. authorities are expanding their efforts against insider trading, building cases against approximately 120 suspects, The Wall Street Journal reported late Monday. The report cited senior Federal Bureau of Investigation agent David Chaves as saying the government was looking into about 240 individuals who may have violated securities laws, with roughly half considered "targets." Since late 2009, prosecutors won 57 convictions or guilty pleas for insider trading, the report said.