I would be remiss in my duties as your favorite financial blogger if I didn’t supply you with a handy running linkfest of all the Insider Trading highlights.
A few firms in Connecticut were raided by the FBI today, two of them with ties to SAC. SAC has not been implicated in this story but the funds were spin-offs.
Here’s the Wall Street Journal‘s breaking coverage of the raids: (WSJ)
Barry Ritholtz asks the question on everyone’s mind: Is it the Big Guy (Steve Cohen) who they’re actually after? (TBP)
Bess Levin at Dealbreaker is calling this story Insider Trading Festivus 2010. Obviously her coverage simply cannot be missed: (Dealbreaker)
I, of course, weighed in this weekend calling the whole “Expert Network” thing another Classic Wall Street Euphemism. (TRB)
Courtney Comstock with some background on Global Level and Diamondback, two of the raided firms. (Clusterstock)
As more hysterical headlines pop up on the story, I’ll simply add links below…
Doug Kass: “Based on my contacts, I believe that the soon-to-be-announced insider-trading indictments will be far-reaching and could even have the potential to be market-impactful, as the allegations will not only include some of the most prestigious hedge funds but will also allegations against some of the largest and most conservative mutual-fund companies, investment bankers and law firms.” (TheStreet.com)