5.9k Share this

Federal investigators are probing the business of block trading on Wall Street, examining whether bankers might have improperly tipped hedge-fund clients in advance of large share sales, according to people familiar with the situation.

The Securities and Exchange Commission sent subpoenas to firms including Morgan Stanley and Goldman Sachs Group Inc. as well as several hedge funds, asking for trading records and information about the investors’ communications with bankers, some of the people said. The Justice Department also is investigating the matter, some of the people said.

Source: WSJ

5.9k Share this
You May Also Like

Rosetta Stone Was In Trouble. Here’s How I Found the Company’s Competitive Advantage

Opinions expressed by Entrepreneur contributors are their own. You might have heard…

I Was a Refugee From Post-WWII Europe. Today, My Green Card Reminds Me That My Success Was Never Guaranted.

This was my ticket to the game. Courtesy of Branko Terzic That’s…

Crypto’s LUNA Catastrophe Threatens Conventional Assets

(Photo Illustration by Avishek Das/SOPA Images) SOPA Images/LightRocket via Getty Images An…

New Filing Suggests A Shortcut To Becoming A Tony-Nominated Producer

Joaquina Kalukango and the cast of ‘Paradise Square’ smiling after the opening…

Major validator calls for ‘completely new chain’ to replace Terra

As the dust settles from the Terra ecosystem crash, and the community…

Target’s Stock To Trade Higher Post Q1 Results?

CHINA – 2022/04/28: In this photo illustration, a Target logo is displayed…

Tuesday, May 17th Solution Guide

Here’s today’s Wordle word of the day #332 solution plus a helpful…

Biden ‘Endorsed’ Fed ‘Shock Therapy’—Why The $1 Trillion Bitcoin, Ethereum And Crypto Price Crash Could Be Just Getting Started

Bitcoin BTC and cryptocurrency prices have been hit by an almighty sell-off…