Following last week’s arrest of Raj Rajaratnam, federal investigators reportedly plan to charge at least 10 more securities professionals with insider trading. Bloomberg reports today that some of those who will be charged are linked to the Rajaratnam case.
According to Bloomberg, the pending arrests are more than two years in the making and are the result of one of the biggest undercover operations into insider trading. Charges are expected against hedge fund managers and their associates as early as this week, sources told Bloomberg.
