The Securities and Exchange Commission ... has sent hedge funds and private equity firms a detailed list of questions intended to ferret out employees and clients who would be in a position to acquire and pass along inside corporate information to managers of the investment vehicles.Anybody else?
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Nora Jordan, a lawyer who advises hedge funds at Davis Polk & Wardwell, said the inquiry is unlikely to bear fruit, especially for large funds who have a reputation to uphold. "It would surprise me if they found some big smoking gun on this," she said.
Arkadyevitchizing America since 2006
By the time you panic, it is way too late -- Lee Raymond, New York Times, July 6, 2008
Every gun that is made, every warship launched, every rocket fired, signifies a theft from those who are hungry and not fed; from those who are cold and not clothed. This world-in-arms is not spending money alone; it is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. Dwight D Eisenhower, 11/16/53
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