The Securities and Exchange Commission has sent around 36 subpoenas to brokerages and hedge funds over the past month as they attempt to crack down on insider trading violations.
Several of the subpoenas are directed at uncovering information leaks surrounding the health-care mergers that have occurred in the last three years according to sources familiar with the matter Additionally, some retail deals have garnered suspicion particularly Sears Holding Corp’s dealings with Restoration hardware two years ago.
Other subpoenas have been delivered to Investment Banks, with a number directed at Goldman Sachs.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on the Internet at www.equitiesmagazine.com, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine.
