US federal investigators plan to charge at least 10 securities professionals with insider trading, some linked to the criminal case against billionaire hedge-fund manager Raj Rajaratnam who was arrested last Friday, reports Bloomberg. The pending crackdown may yield charges against hedge-fund managers and their associates as early as this week. Authorities had planned to arrest Rajaratnam this week in a broader sweep but acted when they learnt that he planned to fly to London on Oct 16. See FT Alphaville, “Be very afraid”.

This entry was posted by Gwen Robinson on Tuesday, October 20th, 2009 at 5:09 and is filed under Capital markets, Hedge funds, People. Tagged with Raj rajaratnam. Edit this entry.