Financial Times FT.com

Insider trading net entangles further suspects

By Stacy-Marie Ishmael, Joanna Chung and Sam Jones

Published: November 7 2009 02:00 | Last updated: November 7 2009 02:00

When federal agents arrested Raj Rajaratnam, founder of the Galleon Group, in October, hedge fund managers across the US sat up and took notice.

US prosecutors accused Mr Rajaratnam and five others of operating a $20m (£12m) insider-trading ring, and the investigation appeared initially to focus on hedge funds.

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