As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 12 hours ago
Dec 13 2010 | 3:31am ET
To date, the wide-ranging federal investigation into insider-trading has produced plenty of headlines, innuendo and speculation—but only one arrest.
That could change as soon as this week. CNBC reports that a series of arrests in the case could be imminent. The cable news network offered no further details.
Prosecutors have sent dozens of subpoenas to hedge funds and other Wall Street players. Three hedge funds have also been raided in the case, although all three have said they have been assured by the government that they are not targets of the investigation.
Late last month, authorities arrested Don Ching Trung Chu and charged him with conspiracy to commit securities and wire fraud. Chu worked at Primary Global Research, which provides the sort of expert-network services at the center of the insider-trading probe. According to prosecutors, Chu passed confidential information to hedge fund manager Richard Choo-Beng Lee, a former SAC Capital Advisors trader and a cooperating witness in the Galleon Group insider-trading case.