Washington leak culture meets Wall Street’s insider-trading cops | Nation | stltoday.com

The federal prosecutors who sent Wall Streeters to prison for trading on insider information are taking on Washington’s culture of leaks in a first-of-its-kind trial next week.

For the first time, the capital’s “political intelligence” industry is in their crosshairs. Hedge funds and other businesses pay consultants, often recent government employees, expecting them to leverage relationships with colleagues still in public service to get a heads-up on government actions that could move markets.

via Washington leak culture meets Wall Street’s insider-trading cops | stltoday.com.