Ex-Hedge Funder Cooperating In Insider Trading Case

Dec 17 2010 | 9:41am ET

A former hedge fund analyst is among those cooperating with the federal insider-trading investigation, which produced four more arrests yesterday.

An unidentified person called CW-5, or cooperating witness 5, in the complaint against the employee and three consultants at Primary Global Research, is described as having formerly worked at a New York hedge fund as an analyst. It is unclear what hedge fund the person may have worked for; he or she has not yet been charged but is cooperating with hopes for a reduced sentence, prosecutors said.


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