Rajaratnam arrest triggers insider-trading crackdown
NEW YORK – US regulators and prosecutors are reportedly preparing for at least 10 more arrests as part of an insider-trading swoop on the US securities industry. More charges are expected against an alleged web of market abuse linked to hedge fund manager and billionaire Raj Rajaratnam, who was arrested by the FBI on October 16. Lawyers, fund managers and securities industry executives are understood to be among the next round of targets amid the two-year market abuse investigation.
Sri Lankan
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